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PLEASE SOLVE - 12 (Related to Checkpoint 9.6) (Inflation and interest rates) What would you expect the nominal rate of interest to be if the

PLEASE SOLVE - 12

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(Related to Checkpoint 9.6) (Inflation and interest rates) What would you expect the nominal rate of interest to be if the real rate is 3.8 percent and the expected inflation rate is 6.9 percent? The nominal rate of interest would be \%. (Round to two decimal places.)

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