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Last year, you purchased a stock at a price of $70.00 a share. Over the course of the year, you received $3.10 per share in

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Last year, you purchased a stock at a price of $70.00 a share. Over the course of the year, you received $3.10 per share in dividends and inflation averaged 2.5 percent. Today, you sold your shares for $74.30 a share. What is your approximate real rate of return on this investment? 10.6% 8.6% 3.6% 8.1% 13.1%

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