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You are offered an investment that will pay a nominal rate of 10% per year. If the inflation rate is 3%, what is the exact
You are offered an investment that will pay a nominal rate of 10% per year. If the inflation rate is 3%, what is the exact real rate of return?
Select one:
a. 7.00%
b. 6.95%
c. 7.05%
d. 6.80%
e. None of the above.
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