You would like to invest $15,000 for a year in a risk-free investment. A conventional certificate of deposit (CD) offers a 3.6% annual rate of return. You are also considering an "Inflation-Plus" CD which offers a real rate of return of 1.5% regardless of the inflation rate. a. What is the implied (expected) inflation rate? (Round your answer to 2 decimal places.) Implied inflation rate 4.20 % S b. You decide to invest $7,500 in the conventional CD and $7,500 in the "Inflation-Plus" CD. What is your expected dollar value at the end of the year? Expected value $ 7,815