Last year, you purchased a stock at a price of $64.67 a shar…

Last year, you purchased a stock at a price of $64.67 a share. Over the course of the year, you received $2.70 per share in dividends and inflation averaged 1.83 percent. Today, you sold your shares for $82.23 a share. What is your approximate real rate of return on this investment?

Last year, you purchased a stock at a price of $73.56 a shar…

Last year, you purchased a stock at a price of $73.56 a share. Over the course of the year, you received $1.89 per share in dividends and inflation averaged 2.10 percent. Today, you sold your shares for $88.69 a share. What is your approximate real rate of return on this investment?