Suppose the monetary authority prints money at rate z = 9.50 but now does distribute the newly printed money as a lump-sum subsidy. Instead, the government distributes the newly printed money by giving each old person a = 0.97 new dollars for each dollar acquired when young. Assume there is a constant population of people endowed only when young. What is the real rate of return of money? (HINT: The real rate of return of money is not simply Vt+1/04