q1

You purchased shares of stock one year ago at a price of $58.75 per share. During the year, you received dividend payments of $1.78 and sold the stock for $62.37 per share. If the inflation rate during the year was 2.3 percent, what was your REAL return as a percentage? Convert to a percentage and round to one place past the decimal point. Convert to a percentage and round to one place past the decimal point. Numeric Response