One year ago, Theresa 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 $0.25 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) 25.00 percent
E) 27.33 percent
Correct Answer:
Verified
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