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An investment had a nominal return of 10.4 percent last year. The inflation rate was 4.1 percent. What was the real return on the investment?

An investment had a nominal return of 10.4 percent last year. The inflation rate was 4.1 percent. What was the real return on the investment?

a.6.05%

b.14.93%

c.10.32%

d.6.72%

e.5.71%

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