An investor bought a stock for $19(at t=0) and one year later it paid a $0dividend (at t=1). Just after the dividend was paid, the stock price was $5(at t=1). Inflation over the past year (from t=0 to t=1) was6% pa, given as an effective annual rate. Which of the following statements isNOTcorrect? All answer options are rounded to 6 decimal places. The stock investment produced a:

Question 1Select one:

a.

Nominal capital return of -73.684211% pa.

b.

Nominal total return of -73.684211% pa.

c.

Real capital return of -72.105263% pa.

d.

Real income return of 0% pa.

e.

Real total return of -75.173783% pa.