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Your business manager forwards the following information to you. Your businesses earned a real rate...

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Accounting

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Your business manager forwards the following information to you. Your businesses earned a real rate of return of 7.6% last year and inflation for the same period was 8.0%. What was your nominal rate of return? (Note: nominal rates of return can be positive or negative.) (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34.)

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