Question
If the current inflation rate is 4% and you have an investment opportunity that pays 10%, then the real rate of interest on your investment
If the current inflation rate is 4% and you have an investment opportunity that pays 10%, then the real rate of interest on your investment is closest to?
Answer: 5.8%
plz provide steps.
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
