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If the current inflation rate is 4.5% APR compounded quarterly and you are earning a real rate of return on investment of 6.0% APR compounded

If the current inflation rate is 4.5% APR compounded quarterly and you are earning a real rate of return on investment of 6.0% APR compounded semi-annually, then the nominal rate (EAR) on this investment is closest to

Group of answer choices 10.95% 12.67% 9.33% 8.30%

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