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Last year, you purchased 100 shares MSFT stocks at $20 on Nov. 1 and sold all of them at $25 this year on Nov.1. The

Last year, you purchased 100 shares MSFT stocks at $20 on Nov. 1 and sold all of them at $25 this year on Nov.1. The inflation rate per year is 2%. Note: round to the nearest integer.

1. The monthly holding period return is ____ %.

2. The annual real holding period return is _____%. (Note: Use the exact method.)

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