Question
Large-cap stocks had the nominal rates of return of 13.48 percent. The rate of inflation during the last year was 3.24 percent. What is the
Large-cap stocks had the nominal rates of return of 13.48 percent. The rate of inflation during the last year was 3.24 percent. What is the real rate of return for large-cap stocks?
Round the answer to two decimal places in percentage form.
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
