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If the nominal interest rate per year is 10 percent and the inflation rate is 4 percent, what is the exact real rate of interest?

If the nominal interest rate per year is 10 percent and the inflation rate is 4 percent, what is the exact real rate of interest? Select one: a. 6 percent b. 5.76 percent c. 14.0 percent d. 10.0 percent

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