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Your financial advisor tells you that you can earn 15% this year on a junk-bond investment.You anticipate that the inflation rate will be 2.8% over
Your financial advisor tells you that you can earn 15% this year on a junk-bond investment.You anticipate that the inflation rate will be 2.8% over the same year.By how much will your purchasing power increase?
11.87% |
7.95% |
8.46% |
1.12% |
9.56% |
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