Last year you purchased a stock at a price of 53 a share, Financial Management

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Last year you purchased a stock at a price of 53 a share

Last year, you purchased a stock at a price of $53 a share. Over the course of the year, you received $2 in dividends and inflation averaged 2.8 percent. Today, you sold your shares for $53.9 a share. What is your approximate real rate of return on this investment?

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Financial Management: Last year you purchased a stock at a price of 53 a share

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Financial Management: Last year you purchased a stock at a price of 53 a share

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