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The bonds of Zhi Controls have an annual rate of return of 9.47 percent and a face value of $1,000. The rate of inflation is

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The bonds of Zhi Controls have an annual rate of return of 9.47 percent and a face value of $1,000. The rate of inflation is 3.52 percent. What is the real rate of return on these bonds? Multiple Choice 13.32% 1.09% 4.18% 9.46% 5.75%

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