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(9 points) Consider an investment with a yield rate of 3.2% during the first year and 3.7% during the second year. The inflation rate is

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(9 points) Consider an investment with a yield rate of 3.2% during the first year and 3.7% during the second year. The inflation rate is 1.4% during the first year and 1.6% during the second. Find the equivalent level annual rate of return for the 2 years. A. 1.76% B. 1.81% C. 1.88% D. 1.92% E. 2.07%

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