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What is the real interest rate given a nominal rate of 7.5% and an inflation rate of 4.4%? A. 4.2% B. 3.6% C. 4.8% D.

What is the real interest rate given a nominal rate of 7.5% and an inflation rate of 4.4%?

A. 4.2%

B. 3.6%

C. 4.8%

D. 3.0%

Please don't use excel and please go step by step.

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