Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Say you own an asset that had a total return last year of 10.8 percent. If the inflation rate last year was 5.1 percent, what
Say you own an asset that had a total return last year of 10.8 percent. If the inflation rate last year was 5.1 percent, what was your real return? (Do not round intermediate calculations and round your final 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