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Review 3 If you are promised a nominal return of 11% on a 1-year investment, and you expect the rate of inflation to be 2%,

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Review 3 If you are promised a nominal return of 11% on a 1-year investment, and you expect the rate of inflation to be 2%, what real rate do you expect to earn? Please give the exact answer in percentage. 1+r 1+ R= : 1+

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