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You earned a nominal rate of return equal to 10.50% on your investments last year. The annual inflation rate was 2.60%. a. What was your
You earned a nominal rate of return equal to 10.50% on your investments last year. The annual inflation rate was 2.60%. a. What was your approximate real rate of return? (Round your answer to 2 decimal places.) Approximate real rate of return % b. What was your exact real rate of return? (Round your answer to 2 decimal places.) Real rate of return %
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