Question
Say you own an asset that had a total return last year of 15 percent. Assume the inflation rate last year was 2.5 percent. Required:
| Say you own an asset that had a total return last year of 15 percent. Assume the inflation rate last year was 2.5 percent. |
| Required: |
| What was your real return? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Real return=_____ ? |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Big Tech In Finance
Authors: Igor Pejic
1st Edition
139860898X, 978-1398608986
