You Purchased 200 Shares of Preferred Stock on January 1

You purchased 200 shares of preferred stock on January 1, 2002 for $42.27 per share. The stock pays an annual dividend of $5 per share. On December 31, 2002 the market price is $43.88 per share. What is your percentage return on investment for the year?

A) 4.9%
B) 8.0%
C) 14.9%
D) 15.1%
E) 15.6%