You purchase 125 shares of stock for $51 a share. The stock pays a $3 per share dividend at year-end. What is the rate of return on your investment for these end-of-year stock prices? What is your real (inflation-adjusted) rate of return? Assume an inflation rate of 4%. (Round your answers to 2 decimal places. Use the minus sign for negative numbers if it is necessary.)

a. nd-of-year stock price = $47

What is the Rate of return = ?

What is the Real rate = ?

b. nd-of-year stock price = $51

What is the rate of return =?

What is the real rate =?

c. nd-of-year stock price = $54

What is the rate of return?

What is the real rate ?