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Over the past year you earned a nominal rate of interest of 8% on your money. The inflation rate was 3.5% over the same period.
Over the past year you earned a nominal rate of interest of 8% on your money. The inflation rate was 3.5% over the same period. What is the approximate real rate of return?
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Mathematical Finance Core Theory Problems And Statistical Algorithms
Authors: Nikolai Dokuchaev
1st Edition
0415414482, 978-0415414487
