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The inflation rate over the past year was 4.2 percent. If an investment had a real return of 9.4 percent, what was the nominal return
The inflation rate over the past year was 4.2 percent. If an investment had a real return of 9.4 percent, what was the nominal return on the investment?
- 13.99%
- 14.77%
- 15.55%
- 4.75%
- 4.99%
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
