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Problem 7-11 Nominal and Real Returns (LO6) An investment offers a 18% total return over the coming year. Bill Morneau thinks the total real return

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Problem 7-11 Nominal and Real Returns (LO6) An investment offers a 18% total return over the coming year. Bill Morneau thinks the total real return on this investment will be only 14%. What does Morneau believe the inflation rate will be over the next year? (Do not round intermediate colculations. Round the final answer to 2 decimal places.) Inflation rate

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