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The Inflation rate over the past year was 23 percent. If an investment had a real return of 7.5 percent, what was the nominal return

The Inflation rate over the past year was 23 percent. If an investment had a real return of 7.5 percent, what was the nominal return on the investment? Multiple Choice 4.84% 10.53% 5.08% 9.97% 1108%

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