You would like to invest $12,000 for a year in a risk-free investment. A conventional certificate of deposit (CD) offers a 3.7% annual rate of return. You are also considering an "Inflation-Plus" CD which offers a real rate of return of 2% regardless of the inflation rate. a. What is the implied (expected) inflation rate? (Round your answer to 2 decimal places.) Implied inflation rate % b. You decide to invest $6,000 in the conventional CD and $6,000 in the "Inflation-Plus" CD. What is your expected dollar value at the end of the year? Expected value c. Which of the two CDs is a better investment if the actual inflation rate for the year turns out to be 1.6%? Inflation-Plus CD turns out to be a better investment. Conventional CD turns out to be a better investment