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iay you own an asset that had a total return last year of 15 percent. Assume the inflation ate last year was 3.5 percent. What

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iay you own an asset that had a total return last year of 15 percent. Assume the inflation ate last year was 3.5 percent. What was your real return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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