Last Year, Marsha Purchased a Stock at a Price of $21.36

Multiple Choice

Last year, Marsha purchased a stock at a price of $21.36 a share. Over the course of the year, she received $.60 in dividends per share while inflation averaged 3.2%. Today, Marsha sold her shares for $22.80 a share. What is Marsha's real rate of return on this investment?

A) 5.85%
B) 6.15%
C) 6.30%
D) 6.44%
E) 6.51%