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Suppose that the annual expected rates of inflation over each of the next five years are 4%, 7%, 8%, 11%, and 10%, respectively.What is the

Suppose that the annual expected rates of inflation over each of the next five years are 4%, 7%, 8%, 11%, and 10%, respectively.What is the average expected inflation rate over the 5-year period?Disregard cross-product terms, i.e., if averaging is required, use the arithmetic average.

A.6%

B.8%

C.7%

D.9%

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