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Bank of America offered you 3% APR interest rate on the CD account. After checking the internet, you noticed that the inflation rate was 2%

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Bank of America offered you 3% APR interest rate on the CD account. After checking the internet, you noticed that the inflation rate was 2% for the year. What is the real interest rate you got? Suppose you also got a 12% APR return rate from your stock investment of Google, how much is the risk premium on the stock investment

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