Question
You earned a nominal rate of return equal to 11.70% on your investments last year. The annual inflation rate was 1.70%. a. What was your
You earned a nominal rate of return equal to 11.70% on your investments last year. The annual inflation rate was 1.70%.
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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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
