Last year you purchased a stock at a price of 7600 a share

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Last year, you purchased a stock at a price of $76.00 a share. Over the course of the year, you received $2.40 in dividends and inflation averaged 2.9 percent. Today, you sold your shares for $80.60 a share. What is your approximate real rate of return on this investment?

Reference no: EM13623217

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