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assume that large-company stocks had an average rate of return of 12.1 percent over the past 88 years while T-bills returned an average of 3.5

assume that large-company stocks had an average rate of return of 12.1 percent over the past 88 years while T-bills returned an average of 3.5 percent and inflation averaged 3.0 percent. Given this, the real return on large-company stocks was:

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