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Assume the nominal rate of return is 11.20% and the inflation rate is 4.34%. Find the real rate of return using the exact formula. Answer

Assume the nominal rate of return is 11.20% and the inflation rate is 4.34%. Find the real rate of return using the exact formula. Answer format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))

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