MC Qu. 65 Last year, you purchased a stock at a price of...

Last year, you purchased a stock at a price of $48.5 a share. Over the course of the year, you received $1.4 in dividends and inflation averaged 2.7 percent. Today, you sold your shares for $53.9 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"?

	16.5 percent
	16.7 percent
	5.7 percent
	14.0 percent
	11.3 percent