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On January 1 , you bought 5 0 0 shares at R 6 5 and a year later sold them for R 6 8 a

On January 1, you bought 500 shares at R65 and a year later sold them for R68 a share. During the year, you received a dividend of R2 per share. Assuming the rate of inflation is 5%. Calculate the real rate of return on this investment.
a.2.56%
b.3.08%
c.4.62%
d.7.69%
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