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Your portfolio had real net returns of 5% in 2014, 4% in 2015, and 2% in 2016. The net inflation rate for each period was

Your portfolio had real net returns of 5% in 2014, 4% in 2015, and 2% in 2016. The net inflation rate for each period was 2% in 2014, 4% in 2015, and 1% in 2016. What is the gross, nominal, compound return of your portfolio over those three years?

A) 1.09% B) 6.05% C) 9.04% D) 3.05% E) 2.82%

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