2. Equation (5.3) gives a method to approximately calculate the real rate of interest. Why is that...

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2. Equation (5.3) gives a method to approximately calculate the real rate of interest.

Why is that approximation much less accurate in a hyperinflationary economy than in an economy with a relatively stable inflation rate.

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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