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Kate wants to earn a 6.60 percent real rate of return. To do this, what nominal rate must she earn if the inflation rate is

image text in transcribed Kate wants to earn a 6.60 percent real rate of return. To do this, what nominal rate must she earn if the inflation rate is 4.90 percent? Multiple Choice 5.22 percent 6.92 percent 11.82 percent 11.45 percent

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