Multiple Choice
Scott purchased 200 shares of Frozen Foods stock for $48 a share. Four months later, he received a dividend of $0.22 a share and also sold the shares for $42 each. What was his annualized rate of return on this investment?
A) -44.69 percent
B) -40.14 percent
C) -33.00 percent
D) -32.90 percent
E) -28.07 percent
Correct Answer:

Verified
Correct Answer:
Verified
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