One Year Ago, You Purchased 300 Shares of Stock at a Cost

Multiple Choice

One year ago, you purchased 300 shares of stock at a cost of $7,521. The stock paid an annual dividend of $1.10 per share. Today, you sold those shares for $28.20 each. What is the capital gains yield on this investment?

A) 9.96 percent
B) 10.44 percent
C) 12.49 percent
D) 13.33 percent
E) 14.75 percent