Question
You are promised a nominal return of 13% on a 1-year investment, and expect the rate of inflation to be 4% during that period. The
You are promised a nominal return of 13% on a 1-year investment, and expect the rate of inflation to be 4% during that period. The real rate you expect to earn is %
Please enter your answer with TWO decimal points.
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
