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You are examining an investment you made on behalf of your company. Looking at your financial statements, you see that the return is reported as
You are examining an investment you made on behalf of your company. Looking at your financial statements, you see that the return is reported as 15%. You researched and saw that the inflation rate last year was 3.5%. What was your real return? Do not use the estimate or approximate rate. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 12.34.) Real return %
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