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The nominal rate of return is 6.3% and the inflation rate is 4.9%. What is the real rate of return (give the exact, not approximate

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The nominal rate of return is 6.3% and the inflation rate is 4.9%. What is the real rate of return (give the exact, not approximate rate)? Give your answer as a percent and to the nearest 0.01% (e.g. type 3.25 if your answer is three and a quarter percent). %

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