Large- cap stocks had the nominal rates of return of 1320
Large- Cap stocks had the nominal rates of return of 13.20 percent. The rate of inflation during the last year was 4.07 percent. What is the real rate of return of large-cap stocks?
Round the answer to two decimal places in percentage form
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large- cap stocks had the nominal rates of return of 1320 percent the rate of inflation during the last year was 407
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