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Last year, you earned a nominal rate of return of 6.45 percent on your bond investments. During that time, the inflation rate was 3.2 percent.

Last year, you earned a nominal rate of return of 6.45 percent on your bond investments. During that time, the inflation rate was 3.2 percent. How much did your purchasing power increase (real rate) ?

3.25 percent 9.65 percent 5.99 percent 5.25 percent 3.15 percent

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