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Last year, you purchased a stock at a price of $76.00 a share. Over the course of the year, you received $2.40 in dividends and

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Last year, you purchased a stock at a price of $76.00 a share. Over the course of the year, you received $2.40 in dividends and inflation averaged 2.9 percent. Today, you sold your shares for $80.60 a share. What is your approximate real rate of return on this investment? 9.0 percent 6.3 percent 12.1 percent 3.2 percent 9.2 percent

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