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The large-cap stocks achieved a nominal rate of return of 13.36 percent. The inflationary figure observed over the course of the previous year amounted to

The large-cap stocks achieved a nominal rate of return of 13.36 percent. The inflationary figure observed over the course of the previous year amounted to 1.61 percent. What is the actual return on investment for large-cap stocks?

Please express the answer in percentage form,

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