Question: Spartan Sofas, Inc. is selling for $50.00 per share today. In one year, Spartan will be selling for $48.00 per share, and the dividend for

Spartan Sofas, Inc. is selling for $50.00 per share today. In one year, Spartan will be selling for $48.00 per share, and the dividend for the year will be $5.00. What is the cash rate of return on Spartan stock?

D. 10%

C. 6%

B. 2%

A. 0%

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