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An investment offers a total return of 11 percent over the coming year. Janice Yellen thinks the total real return on this investment will be

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An investment offers a total return of 11 percent over the coming year. Janice Yellen thinks the total real return on this investment will be only 8.9 percent. What does Janice believe the inflation rate will be over the next year? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32,16

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