Sprint Nextel Corp

Multiple Choice

Sprint Nextel Corp. stock ended the previous year at $25.00 per share. It paid a $2.57 per share dividend last year. It ended last year at $18.89. If you owned 650 shares of Sprint, what was your dollar return and percent return?

A) $2,960, 11.13 percent
B) −$4,960, −16.13 percent
C) −$3,960, −15.13 percent
D) −$2,301, −14.16 percent