Problemlast year you purchased a stock at a price of 515 a, Ask an Expert

Accounting

Problem:

Last year, you purchased a stock at a price of $51.5 a share. Over the course of the year, you received $1.80 in dividends and inflation averaged 2.8 percent. Today, you sold your shares for $53.60 a share.

Required:

Question: What is your approximate real rate of return on this investment?

Note: Provide support for your underlying principle.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167782

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