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)