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The holding period return for your mutual fund is 15% over the last year. If during the same period the inflation rate was 4%, what

The holding period return for your mutual fund is 15% over the last year. If during the same period the inflation rate was 4%, what is your real rate of return on your investment?

a. 9.87%

b. 10.58%

c. 11%

d. 11.23%

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