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Suppose that the annual expected rates of inflation over each of the next five years are 5%,7%,9%,13% and 12%, respectively.What is the average expected rate

  • Suppose that the annual expected rates of inflation over each of the next five years are 5%,7%,9%,13% and 12%, respectively. What is the average expected rate of inflation over the 5-year period?
     

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