Problemlast year you purchased a stock at a price of 7600 a, Ask an Expert

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Problem:

Last year, you purchased a stock at a price of $76.00 a share. Over the course of the year, you received $2.40 in dividends and inflation averaged 2.9 percent. Today, you sold your shares for $80.60 a share.

Required:

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

9.0
3.2
12.1
6.3
9.2

Note: Please provide full description.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173575

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