Books Brothers stock was priced at $15 per share two years ago. The stock sold for $13 last year and now it sells for $18. What was the total return for owning Books Brothers stock during the most recent year? Assume that no dividends were paid. Round your answer to the nearest percent.
A) 17%
B) 20%
C) 23%
D) 38%

Question

Quizplus · Accepted Answer

The Answer of Books Brothers stock was priced at $15 per share two years ago. The stock sold for $13 last year and now it sells for $18. What was the total return for owning Books Brothers stock during the most recent year? Assume that no dividends were paid. Round your answer to the nearest percent.
A) 17%
B) 20%
C) 23%
D) 38%

Books Brothers Stock Was Priced at $15 Per Share Two