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During a period of severe inflation a bond offered a nominal HPR of 88% per year. The inflation rate was 78% per year a. What

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During a period of severe inflation a bond offered a nominal HPR of 88% per year. The inflation rate was 78% per year a. What was the real HPR on the bond over the year? (Round your answer to 2 decimal places.) Real HPR 35 b. Find the approximation realno - Compare your answer in part b to the one in part a. Approximation

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