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Say you own an asset that had a total return last year of 1 8 percent. Assume the inflation rate last year was 4 .

Say you own an asset that had a total return last year of 18 percent. Assume the inflation rate last year was 4.9 percent. What was your real return?
Note: 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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