One Year Ago, You Purchased 100 Shares of Southern Foods

Multiple Choice

One year ago, you purchased 100 shares of Southern Foods common stock for $40.7 a share. Today, you sold your shares for $39.70 a share. During this past year, the stock paid $1.40 in dividends per share. What is your dividend yield on this investment?

A) 3.30 percent
B) 3.37 percent
C) 3.44 percent
D) 3.53 percent
E) 3.61 percent