A Stock Purchased for $52 Paid a Dividend of $1

Multiple Choice

A stock purchased for $52 paid a dividend of $1 six days after it was purchased.The stock was sold for $51 ninety days after it was purchased.What is the annualized rate of return? Assume the dividend was not reinvested.

A) 3.9%
B) 0.0%
C) −7.7%
D) 15.7%
E) −15.7%