Question
If the rate of inflation is 4.5 % what nominal interest rate is necessary for you to earn a 3.6 % real interest rate on
If the rate of inflation is 4.5 % what nominal interest rate is necessary for you to earn a 3.6 % real interest rate on your investment? (Note: Be careful not to round any intermediate steps less than six decimal places.)
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Fixed Income Markets And Their Derivatives
Authors: Suresh Sundaresan
3rd Edition
0123850517, 978-0123704719
