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The real return objective of Mr. Morisons should reflect the 6.25% spending rate, 1.75% inflation rate and 40 base point cost of earning investment return.
The real return objective of Mr. Morisons should reflect the 6.25% spending rate, 1.75% inflation rate and 40 base point cost of earning investment return. Estimate his total return.
(a) 14.99% (b) 9.11% (c) 13.02% (d) 08.54%
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