Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A stock had a return of 8 . 9 percent last year. If the inflation rate was 2 . 1 percent, what was the approximate
A stock had a return of percent last year. If the inflation rate was percent, what was the approximate real return? Enter your answer as a percent rounded to decimal place.
Real return
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started