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Calculate the real interest rate if the nominal rate is 9.5% and the inflation rate is 3.9%. Hint: Base your answer on the Fisher Effect.
Calculate the real interest rate if the nominal rate is 9.5% and the inflation rate is 3.9%. Hint: Base your answer on the Fisher Effect.
Answer choices:
5.51%
5.89%
5.39%
Note: it is not 5.6%
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