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The real rate of interest is 3 percent and inflation is 4 percent. What is the nominal rate of interest? Group of answer choices 7.12
The real rate of interest is 3 percent and inflation is 4 percent. What is the nominal rate of interest?
Group of answer choices
7.12 percent
-1.00 percent
3.00 percent
1.00 percent
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
