The price of a stock is $71 at the beginning of the year and $79 at the end of the year. If the stock paid a $2.75 dividend and inflation was 2.75%, what is the real holding period return for the year? (Use the exact formula.) Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.