Christina purchased 200 shares of stock at a price of 6230, Financial Management

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Christina purchased 200 shares of stock at a price of 6230

Christina purchased 200 shares of stock at a price of $62.30 a share and sold them for $70.25 a share. She also received $148 in dividends. If the inflation rate was 4.2 percent, What was her approximate real rate of return on this investment?

a. 24.20%

b. 9.75%

c. 18.15%

d. 13.95%

e. 14.20%

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Financial Management: Christina purchased 200 shares of stock at a price of 6230

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Financial Management: Christina purchased 200 shares of stock at a price of 6230

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