A stock purchased for $52 paid a dividend of $1 six days after it was purchased.The stock was sold for $51 ninety days after it was purchased.What is the annualized rate of return? Assume the dividend was not reinvested.
A) 3.9%
B) 0.0%
C) −7.7%
D) 15.7%
E) −15.7%

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The Answer of A stock purchased for $52 paid a dividend of $1 six days after it was purchased.The stock was sold for $51 ninety days after it was purchased.What is the annualized rate of return? Assume the dividend was not reinvested.
A) 3.9%
B) 0.0%
C) −7.7%
D) 15.7%
E) −15.7%

A Stock Purchased for $52 Paid a Dividend of $1