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You purchased shares of stock one year ago at a price of 58.75 per share. During the year, you received dividend payments of 1.78 and

You purchased shares of stock one year ago at a price of 58.75 per share. During the year, you received dividend payments of 1.78 and sold the stock for 62.37 per share. If the annual inflation rate was 2.3 percent, what was your real and nominal return as a percentage?

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