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You want to earn a real rate of return of 4.00% at a time when the inflation rate is 2.05%. What is the approximate nominal
You want to earn a real rate of return of 4.00% at a time when the inflation rate is 2.05%. What is the approximate nominal rate that you must earn?
a. 6.05%
b. 6.25%
c. 6.15%
d. 5.95%
e. 5.75%
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