The Ordinary Equity of Grady Had an 11

Multiple Choice

The ordinary equity of Grady had an 11.25% rate of return last year.The dividend amount was €.70 a share which equated to a dividend yield of 1.5%.What was the rate of price appreciation on the equity?

A) 1.50%
B) 8.00%
C) 9.75%
D) 11.25%
E) 12.75%