A what annual rate of return did the investor earn b use, Basic Statistics

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A what annual rate of return did the investor earn b use

An investor bought 1,000 shares of Citigroup in January 2009 for $3.55 a share. She sold all of her shares in December 2009 for $3.31 a share.

a. What annual rate of return did the investor earn?

b. Use the CPI information from the previous exercise to compute the inflation rate for 2009.

c. What is the investor's real rate of return?

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