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
5.4%,
what nominal interest rate is necessary for you to earn a
3%
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.)
(Round to two decimal places.)
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