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6. If you are promised a nominal return of 12% on a one year investment, and you expect the rate of inflation to be 3%,

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6. If you are promised a nominal return of 12% on a one year investment, and you expect the rate of inflation to be 3%, what real rate do you expect to earn? [ (2 Points) 5.48% 8.74% 12.00% 9.00%

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