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Dan is the owner of a mutual fund that returned him a before tax return of 15% last year (2002). Inflation occurred at an a'nnual rate of 3% and Dan was in a 27% marginal income tax bracket. Ignoring management fees on the fund, what has been Dan's real, inflation- adjusted'return on the fund over the course of the last year? (Rounded to the nearest decimal pointo I could help you, but I麓d have to charge....wasn麓t that a song or something? c? |
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