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The nominal and real rate of return on a one-year investment are 6% and 3.92%, respectively. What is the inflation rate? a.2% b.2.08% c. 2.50%

The nominal and real rate of return on a one-year investment are 6% and 3.92%, respectively. What is the inflation rate?

a.2%

b.2.08%

c. 2.50%

d. 2.92%

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