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An investor earned 10 percent last year, a year when actual inflation was 8 percent and was expected to have been 5 percent. What was

An investor earned 10 percent last year, a year when actual inflation was 8 percent and was expected to have been 5 percent. What was the investor's expected real rate of return? What was the investor's realized real rate of return? Use both the approximation of the Fisher Equation and the exact Fisher Equation to compare the answers.

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