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An investment had a nominal return of 111 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 111 percent last year. The inflation rate was 3.2 percent. What was the real return on the investment? Multiple Choice 7.11% 10.88% 8.51% 14.66% 0 766%

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