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Problem 11-10 Real versus Nominal Returns (LO2) The inflation rate in the United States has averaged 3% a year since 1900. Use the data in
Problem 11-10 Real versus Nominal Returns (LO2) The inflation rate in the United States has averaged 3% a year since 1900. Use the data in the table below to answer the following question: Average rates of return on Treasury bills, government bonds, and common stocks, 1900-2020. What was the average real rate of return on Treasury bills, Treasury bonds, and common stocks in that period? Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places
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