Problem:
Suppose you invested $56 in the Ishares Dividend Stock Fund (DVY) a month ago. It paid a dividend of $0.37 today and then you sold it for $61.
Required:
Question: What was your return on the investment?
A. 9.01%
B. 9.98%
C. 9.50%
D. 9.75%
Note: Provide support for your underlying principle.