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 $1.4 in dividends and inflation averaged 2.8 percent.

Today, you sold your shares for $53.6 a share. What is your approximate real rate of return on this investment?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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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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