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An investment had a nominal return of 11.1 percent last year. The inflation rate was 3.2 percent. What was the real return on the investment?

An investment had a nominal return of 11.1 percent last year. The inflation rate was 3.2 percent. What was the real return on the investment?

7.11%

7.66%

14.66%

8.51%

10.88%

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