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An investment offers a total return of 15 percent over the coming year. Bill Bernanke thinks the total real return on this investment will be

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An investment offers a total return of 15 percent over the coming year. Bill Bernanke thinks the total real return on this investment will be only 8.2 percent. What does Bill believe the inflation rate will be over the next year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

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