Seven Months Ago, You Purchased a Stock at a Price

Seven months ago, you purchased a stock at a price of $36.04 a share. Today, you sold those shares for $43.15 a share. During the past seven months, you have received dividends totaling
$0) 24 a share while inflation has averaged 3.6%. What is your approximate real rate of return on this
Investment?

A) 12.9%
B) 13.4%
C) 16.1%
D) 16.5%
E) 16.8%