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Mavis bought a 4 year GIC paying 3% compounded annually. Assuming his MTR is 35% and the annual inflation rate is 2%, Calculate her annual

Mavis bought a 4 year GIC paying 3% compounded annually. Assuming his MTR is 35% and the annual inflation rate is 2%, Calculate her annual after-tax, real rate of return %. (2 marks)

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