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Problem 5-13 During a period of severe inflation, a bond offered a nominal HPR of 88% per year. The inflation rate was 78% per year.

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Problem 5-13 During a period of severe inflation, a bond offered a nominal HPR of 88% per year. The inflation rate was 78% per year. a. What was the real HPR on the bond over the year? (Round your answer to 2 decimal places.) Real HPR % b. Find the approximation rreal Inom i. Approximation %

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