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Youve observed the following returns on Pine Computers stock over the past five years: 25.2 percent, 13.8 percent, 30.6 percent, 2.4 percent, and 21.4 percent.

Youve observed the following returns on Pine Computers stock over the past five years: 25.2 percent, 13.8 percent, 30.6 percent, 2.4 percent, and 21.4 percent. The average inflation rate over this period was 3.24 percent and the average T-bill rate over the period was 4.3 percent. What was the average real return on the stock?

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