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Last year, you purchased a stock at a price of $64.00 a share. Over the course of the year, you received $2.20 in dividends and

Last year, you purchased a stock at a price of $64.00 a share. Over the course of the year, you received $2.20 in dividends and inflation averaged 2.7 percent. Today, you sold your shares for $69.00 a share. What is your approximate real rate of return on this investment?

5.1 percent
14.0 percent
11.3 percent
8.6 percent
10.5 percent

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