INTERMEDIATE ACCOUNTING (ACCT 3200A)
10th Edition
ISBN: 9781307660630
Author: SPICELAND
Publisher: MCG CUSTOM
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How much would profit increase.
Last year, you purchased a stock at a price of $48.00 per share. Over the course of the year, you received $2.40 in dividends and inflation averaged 2.8 percent. Today, you sold your shares for $52.20 per share. What is your approximate real rate of return on this investment?
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