Approximate real rate of return on investment

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Last year, you purchased a stock at a price of GHS 47.10 a share. Over the course of the year, you received GHS 2.40 per share in dividends while inflation averaged 3.4 percent. Today, you sold your shares for GHS 49.50 a share. What is your approximate real rate of return on this investment?

Reference no: EM132564851

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