You purchased shares of stock one year ago at a price of $63.80 per share. During the year, you received dividend payments of $2.03 and sold the stock for $70.92 per share. If the inflation rate during the year was 2.59 percent, what was your real return?

Multiple Choice

• 10.21%

• 14.38%

• 17.30%

• 8.35%

• 11.46%