Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You purchased an investment for $2000 on which you earned $165 in dividends last year. The inflation rate was 2.0%, what is your real rate

image text in transcribed

You purchased an investment for $2000 on which you earned $165 in dividends last year. The inflation rate was 2.0%, what is your real rate of return? (go to 2 decimal points and answer as xx.xx not O.xxxx)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions