One year ago, you purchased 200 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 $164 while inflation averaged 4.2 percent. What is your approximate real rate of return on this investment?
A) -24.20 percent
B) -28.40 percent
C) -20.00 percent
D) 20.00 percent
E) 24.20 percent
Correct Answer:
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