Question 12 http://edugen.wiley.com/edugen/art2/common/pixel.gif Serox stock was selling for $20 two years ago. The stock sold for $25 one year ago,...

Question 12 http://edugen.wiley.com/edugen/art2/common/pixel.gifSerox stock was selling for $20 two years ago. The stock sold for $25 one year ago, and it is currently selling for $28. Serox pays a $1.10 dividend per year. What was the rate of return for owning Serox in the most recent year? (Round to the nearest percent.) 32% 16% 12% 40%