Answer:
D) 38%
Explanation:
The computation of the total return during the most recent year is shown below:
= (Price of stock at the year end 2 - Price of stock at the year end 1) ÷ (Price of stock at the year end 1)
= ($18 - $13) ÷ ($13)
= ($5) ÷ ($13)
= 38.46%
Basically we deduct the price of year end 1 from the price of year 2 and then divide it by price of year end 1 so that the total return could come
