Lucian Buys a House for $400,000, Rents It for One

Lucian buys a house for $400,000, rents it for one year for $1,500 per month, and sells it at the end of the year for $390,000. Lucian's rate of return

A) is 2 percent.
B) is 4.5 percent.
C) is negative 2.5 percent.
D) cannot be determined.