Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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If the rate of inflation is 4.6%, what nominal interest rate is necessary for you to earn a 2.2% real interest rate on your investment? (Note: Be careful not
to round any intermediate steps less than six decimal places.)
The nominal interest rate is%. (Round to two decimal places.)
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Transcribed Image Text:If the rate of inflation is 4.6%, what nominal interest rate is necessary for you to earn a 2.2% real interest rate on your investment? (Note: Be careful not to round any intermediate steps less than six decimal places.) The nominal interest rate is%. (Round to two decimal places.) CITS
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