Rocky Top Pays a Constant Annual Dividend

Rocky Top pays a constant annual dividend.One year ago,when you purchased shares of that stock at $12 a share,the dividend yield was 2 percent.Over this past year,the inflation rate has been 2.6 percent.Today,the required return on this stock is 9 percent and you just sold all of your shares.What is your total nominal return on this investment? Round your answer to the nearest whole percentage.

A) -77 percent
B) -75 percent
C) -76 percent
D) 70 percent
E) 76 percent