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Last year, you purchased a stock at a price of $58.00 a share. Over the course of the year, you received $2.60 per share in
Last year, you purchased a stock at a price of $58.00 a share. Over the course of the year, you received $2.60 per share in dividends and inflation averaged 3.1 percent. Today, you sold your shares for $61.40 a share. What is your approximate real rate of return on this investment?
13.4%
7.2%
10.3%
9.0%
2.8%
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