Over the past year, you earned 11.9 percent overall on your investments. During that period, the inflation rate was 2.8 percent and the risk-free rate of return was 3.2 percent. What real rate of return did you earn?
A. 8.43 percent
B. 8.75 percent
C. 8.85 percent
D. 9.04 percent
E. 9.10 percent