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An investment had a nominal return of 10.9 percent last year. If the real return on the investment was only 6.9 percent, what was the

An investment had a nominal return of 10.9 percent last year. If the real return on the investment was only 6.9 percent, what was the inflation rate for the vear?

Multiple Choice

3.61%

11.08%

3.74%

4.16%

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