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The inflation rate over the past year was 3 . 5 percent. If an investment had a real return of 8 . 7 percent, what

The inflation rate over the past year was 3.5 percent. If an investment had a real return of 8.7 percent, what was the nominal return on the investment?
Multiple Choice
5.02%
4.78%
13.20%
12.50%
13.89%

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