Books Brothers shares were priced at $15 per share two years ago. The share sold for $13 last year and now it sells for $18. What was the total return for owning Books Brothers share during the most recent year? Assume that no dividends were paid and round to the nearest per cent.
A) 17%
B) 20%
C) 23%
D) 38%

Question

Quizplus · Accepted Answer

The total return for the most recent year is calculated as ((18 - 13) / 13) * 100 = 38%.

Books Brothers Shares Were Priced at $15 Per Share Two