Gwen purchased a share one year ago for $25, and it is now worth $31. The share paid a dividend of $1.50 during the year. What was the share's rate of return income during the year? (Round your answer to the nearest per cent.)
A) 6%
B) 15%
C) 24%
D) 26%

Question

Quizplus · Accepted Answer

The rate of return income is calculated by dividing the dividend by the original purchase price: ($1.50 / $25) * 100 = 6%.

Gwen Purchased a Share One Year Ago for $25, and It