Francis Purchased a Share One Year Ago for $20, and It

question 33

Multiple Choice

Francis purchased a share one year ago for $20, and it is now worth $24. The share paid a dividend of $3 during the year. What was the share's rate of return from capital appreciation during the year? (Round your answer to the nearest per cent.)

• A) 17%
• B) 20%
• C) 29%
• D) 35%

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