A Private Post-Secondary Corporation Had a 1-Year Low Stock Price

Multiple Choice

A private post-secondary corporation had a 1-year low stock price of $5.00 and a high of $7.50. Assuming that you bought it at the lowest price and sold it at its highest price, what is the simple annual rate of return on your stock purchase?

A) 0.5%
B) 5%
C) 50%
D) 500%
E) 1/2 %