You are evaluating an investment that you made last year. The investment had a total return last year of 11 percent. If the inflation rate last year was 5.5 percent, what was your real return? (Be sure to solve for exact, not approximate. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Real return %

You are evaluating an investment that you made last year. The investment had a total return last year of 11 percent. If the inflation rate last year was 5.5 percent, what was your real return? (Be sure to solve for exact, not approximate. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)