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An investment had a nominal return of 9.4 percent last year. If the real return on the investment was only 6.4 percent, what was the
An investment had a nominal return of 9.4 percent last year. If the real return on the investment was only 6.4 percent, what was the inflation rate for the year?
Select one:
A. 2.74%
B. 9.57%
C. 16.40%
D. 2.82%
E. 3.13%
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