Answered step by step
Verified Expert Solution
Link Copied!

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 real return? (Enter your

A stock had a return of 8.9 percent last year. If the inflation rate was 2.1 percent, what was the approximate real return? (Enter your answer as a percent rounded to 1 decimal place. Omit the "%" sign in your response.)

a) Real return = _%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions