One year ago,you purchased 150 shares of a stock at a price of $54.18 a share.Today,you sold those shares for $40.25 a share.During the past year,you received total dividends of $182 while inflation averaged 4.2 percent.What is your approximate real rate of return on this investment?
A) -24.20 percent
B) -27.67 percent
C) -20.00 percent
D) 20.00 percent
E) 24.20 percent
Correct Answer:
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