A person buys a share for $ 50 and sells it for $ 52 after a year. What is the total profit made by him from the share?
(I) A company pays annual dividend
(II) The rate of dividend is 25%
I got stumped
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(I) INSUFFICIENT - We Don't know how much each dividend was.A person buys a share for $ 50 and sells it for $ 52 after a year. What is the total profit made by him from the share?
(I) A company pays annual dividend
(II) The rate of dividend is 25%
I got stumped
(II) INSUFFICIENT - We Still Don't know how much each Dividend was.
Together still don't know how much dividend was given.
Answer is E.