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Youpurchase100 shares of stock for $60 a share. The stock pays a $3 per sharedividendat year-end. What is the rate of return on your investment

Youpurchase100 shares of stock for $60 a share. The stock pays a $3 per sharedividendat year-end. What is the rate of return on your investment for the end-of-year stock prices listed below? What is your real (inflation-adjusted) rate of return? Assume an inflation rate of 4%.(Leave no cells blank - be certain to enter "0" wherever required. Negative values should be indicated by a minus sign. Do not roundintermediate calculations. Round your "Real Rate of Return" answers to 2 decimal places.)

Rate of Return Real Rate of Return
a.$57 .10% %
b.$60 5 % .96%
c.$66 15% 10.57%

Can not get the correct answer for a - Real Rate of return

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