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You are pleased to see that you have been given a 6 . 6 7 % raise this year. However, you read on the Wall

You are pleased to see that you have been given a 6.67% raise this year. However, you read on the Wall Street Journal Web site that inflation over the past year has been 1.86%. How much better off are you in terms of real purchasing power?
(Note: Be careful not to round any intermediate steps less than six decimal places.)
Your real purchasing power is %.(Round to two decimal places.)
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