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An investor's portfolio increased in value by 53% over a five-year period. At the same time, the Consumer Price Index rose from 119.9 to 126.6.

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An investor's portfolio increased in value by 53% over a five-year period. At the same time, the Consumer Price Index rose from 119.9 to 126.6. What was the portfolio's annually compounded real rate of return? (Do not round intermediato calculations and round your final answer to 2 decimal places. Real rate of return %

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