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Jill purchased stock at $54 per share one year ago. The stock pays annual dividends of $0.50 a share. Today, Jill sold the shares for

Jill purchased stock at $54 per share one year ago. The stock pays annual dividends of $0.50 a share. Today, Jill sold the shares for $56 a share. If the inflation rate over the time period was 3% what was Jills exact total real return on this investment?

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