A Single Common Stock Share Was Purchased for $50

Multiple Choice

A single common stock share was purchased for $50.00 at the beginning of the year. The end of year stock price was $49.35. What was the amount of the annual dividend if the total return for the year was 2.3 percent?

A) $1.25 per share
B) $1.40 per share
C) $1.60 per share
D) $1.80 per share
E) $2.20 per share