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An investment offers a total return of 16 percent over the coming year. Jerome Dowell thinks the total real return on this investment will be

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An investment offers a total return of 16 percent over the coming year. Jerome Dowell thinks the total real return on this investment will be only 11 percent. What does Jerome believe the inflation rate will be over the next year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Inflation rate %

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