5. Real versus Nominal Returns. The inflation rate in the United States in the twentieth cen- tury...
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5. Real versus Nominal Returns. The inflation rate in the United States in the twentieth cen- tury averaged around 3%. What was the average real rate of return on Treasury bills, Treasury bonds, and common stocks in that period? Use the data in Table 11-1. (LO2)
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Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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