One year ago, Neal purchased 3,600 shares of Franklin stock for $101,124. Today, he sold those shares for $26.60 a share. What is the total return on this investment if the dividend yield is 1.7 percent?
A) -4.21 percent
B) -3.60 percent
C) -2.29 percent
D) 1.10 percent
E) 2.42 percent
Correct Answer:
Verified
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