Multiple Choice
Roy's Welding's bond has an annual rate of return of 5.97 percent and a face value of $1,000.The current rate of inflation is 3.02 percent.What is the real rate of return on these bonds?
A) 3) 31%
B) 2) 86%
C) 3) 09%
D) 3) 48%
E) 2) 94%
Correct Answer:
Verified
Correct Answer:
Verified
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