One year ago,LaTresa purchased 600 shares of Outland Co.stock for $3,600.The stock does not pay any regular dividends but it did pay a special dividend of $0.30 a share last week.This morning,she sold her shares for $7.25 a share.What was the total return on this investment?
A) 18.00 percent
B) 20.83 percent
C) 22.50 percent
D) 25.83 percent
E) 28.24 percent
Correct Answer:
Verified
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