Henry Purchased Stock in Nortel Networks for $120 Per Share

Multiple Choice

Henry purchased stock in Nortel Networks for $120 per share.Unfortunately the stock did not perform very well in the 3 years that Henry has owned it as it is now trading at $3.93 per share.Feeling that the value of the stock will only continue to drop,Henry sold his shares today.What annual rate of return did Henry make on his investment?

A) -68%
B) -66%
C) -67%
D) -69%
E) -70%