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A bond that pays interest annually yielded 7.47 percent last year. The inflation rate for the same period was 3 percent. What was the actual
A bond that pays interest annually yielded 7.47 percent last year. The inflation rate for the same period was 3 percent. What was the actual real rate of return on this bond for last year?
2.35%
10.69%
3.34%
4.47%
4.34%
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