Use the Following Information for Questions 93-95

Multiple Choice

Use the following information for questions 93-95.
The following data are provided for Croatia Corp.'s last two fiscal years: Additional information:
On May 1, 2021, 6,000 common shares were issued. Although dividends had been declared regularly up to December 31, 2020, preferred dividends were NOT declared during 2021. The market price of the common shares was $ 100 at December 31, 2021.
-To the nearest percent, the rate of return on common shareholders' equity for 2021 is

A) 23%.
B) 22%.
C) 20%.
D) 18%.