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If the nominal interest rate is 11% and the expected inflation rate is 3%, what is the approximate value of the real interest rate? Select
If the nominal interest rate is 11% and the expected inflation rate is 3%, what is the approximate value of the real interest rate?
Select one:
a.8%
b.14%
c.7%
d.6%
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
