Assume That You Purchased 50 Shares of Home Depot Stock

Multiple Choice

Assume that you purchased 50 shares of Home Depot stock for $35 a share, that you received an annual dividend of $0.30 a share, and that you sold your Home Depot stock for $40 a share at the end of one year.What is the total return for your investment? (Ignore commission amounts for this question.)

A) 10.00 percent
B) 12.50 percent
C) 13.25 percent
D) 14.29 percent
E) 15.14 percent