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Suppose that you forecast a nominal rate of return of 9.1% per year, compounding annually on your stock portfolio, for the next 33 years. However,
Suppose that you forecast a nominal rate of return of 9.1% per year, compounding annually on your stock portfolio, for the next 33 years. However, you also forecast an inflation rate over this period of 2.6% per year, compounded annually. What is forecast of your real rate of return? Express your answer in percent, and round your answer to two decimal places. Do not type the % symbol.
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