Your business manager forwards the following information to you. Your businesses earned a real rate of return of 7.5% last year and inflation for the same period was 4.1%. What was your nominal rate of return? (Note: nominal rates of return can be positive or negative.) (Use the exact method rather than the approximation method here.) (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34.)