Multiple Choice
If a share of stock provided a 14.0 percent nominal rate of return over the previous year while the real rate of return was 6.0 percent, then the inflation rate was:
A) 1.89 percent.
B) 7.55 percent.
C) 8.00 percent.
D) 9.12 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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