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During a period of severe inflation, a bond offered a nominal HPR of 84% per year. The inflation rate was 75% per year. a. What

During a period of severe inflation, a bond offered a nominal HPR of 84% per year. The inflation rate was 75% per year.

a. What was the real HPR on the bond over the year? (Round your answer to 2 decimal places.)

Real HPR %

b. Find the approximation rr rn i .

Approximation %

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