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FLYBY Corp. purchased 200 shares of stock at a price of $61.30 a share and sold them for $73.25 a share. FLYBY also received $192

FLYBY Corp. purchased 200 shares of stock at a price of $61.30 a share and sold them for $73.25 a share. FLYBY also received $192 in dividends. The inflation rate for the period was 4.7 percent. What was FLYBYs approximate real rate of return on this investment?

A. 9.75 percent

B. 18.15 percent

C. 21.06 percent

D. 16.36 percent

E. 17.20 percent

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