Question
You estimate that an investment of yours has generated a nominal rate of return of 14% p.a. Over that same period of time, inflation has
You estimate that an investment of yours has generated a nominal rate of return of 14% p.a. Over that same period of time, inflation has increased at a rate of 2% p.a. Which of the following is closest to your real rate of return p.a.?
A) 9.62%
B) 8.65%
C) 11.76%
D) 17.52%
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ISE Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
8th International Edition
1265561435, 9781265561437
