Scott purchased 200 shares of Frozen Foods stock for $48 a share. Four months later, he received a dividend of $0.22 a share and also sold the shares for $42 each. What was his annualized rate of return on this investment?
a. -33.00 percent
b. -40.14 percent
c. -31.95 percent
d. -44.69 percent
e. -28.07 percent