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Last year, you purchased a stock at a price of $64.00 a share. Over the course o

ID: 2689652 • Letter: L

Question

Last year, you purchased a stock at a price of $64.00 a share. Over the course of the year, you received $2.20 in dividends and inflation averaged 2.7 percent. Today, you sold your shares for $69.00 a share. What is your approximate real rate of return on this investment?

Last year, you purchased a stock at a price of $64.00 a share. Over the course of the year, you received $2.20 in dividends and inflation averaged 2.7 percent. Today, you sold your shares for $69.00 a share. What is your approximate real rate of return on this investment?

Explanation / Answer

5.1

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