Problemlast year you purchased a stock at a price of 5150 a, Ask an Expert

Accounting

Problem:

Last year, you purchased a stock at a price of $51.50 a share. Over the course of the year, you received $1.80 per share in dividends and the annual inflation rate averaged 2.6 percent. Today, you sold your shares for $53.60 a share.

Required:

Question: What is your approximate annual 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.:- M91170210

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