Mark Uses His Own Funds to Purchase a Stock Priced

Multiple Choice

Mark uses his own funds to purchase a stock priced at $70. He thinks he can sell the stock for $100 after one year. What is Mark's estimated return on the stock?

A) 30.00 percent
B) - 42.86 percent
C) - 30.00 percent
D) 42.86 percent
E) None of these are correct.