MC Qu. 65 Last year, you purchased a stock at a price of... Last year, you purchased a stock at a price of $51.5 a share. Over the course of the year, you received $1.8 in dividends and inflation averaged 2.7 percent. Today, you sold your shares for $54.2 a share. What is your approximate real rate of return on this investment (note: normally you would use the "Fisher Effect Formula", but in this case please use the "approximation formula"? Multiple Choice 8.7 percent O 6.0 percent 3.0 percent O 11.2 percent 11.4 percent P12-4 Calculating Returns (LO1] Suppose you bought a 16 percent coupon bond one year ago for $1,070. The bond sells for $1,110 today. Requirement 1: Assuming a $1,000 face value, what was your total dollar return on this investment over the past year? (Click to select) Requirement 2: What was your total nominal rate of return on this investment over the past year? (Click to select) v Requirement 3: If the inflation rate last year was 8 percent, what was your total real rate of return on this investment? (Do not round intermediate calculations.) (Click to select)