An investor bought 1,000 shares of Citigroup in January 2009 for $3.55 a share. She sold all

Question:

An investor bought 1,000 shares of Citigroup in January 2009 for $3.55 a share. She sold all o f her shares in December 2009 for $3.31 a share.

a. What annual rate o f return did the investor earn?

b. Use the CPI inform ation from the previous exercise to com pute the inflation rate for 2009.

c. What is the investor's real rate of return?

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