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If you require a real growth in the purchasing power of your investment of 10% over the next year, and you expect the rate of

If you require a real growth in the purchasing power of your investment of 10% over the next year, and you expect the rate of inflation over the same period to be 3%, what is the lowest nominal return that you would be satisfied with? Do NOT use an approximation.

Group of answer choices

8.3%

13.3%

11.8%

6.8%

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