Last Year,you Purchased a Stock at a Price of $47

question 45

Multiple Choice

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

• A)6.30 percent
• B)6.79 percent
• C)7.18 percent
• D)9.69 percent
• E)10.19 percent

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Definitions:

Volunteer

A person who freely offers to take part in an enterprise or undertake a task without receiving payment for their services.

Deindividuation

A psychological state characterized by reduced self-awareness, diminished personal responsibility, and altered behavior that can occur within group contexts.

Mob Behavior

The way individuals act or behave when they are part of a large group, often leading to actions that individuals would not perform alone.

Nonconformity

The act or practice of not adhering to established societal norms, rules, or laws, often resulting in unique or unconventional behavior.