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One Year Ago, You Bought a Bond for $10,000

Question 15

Essay

One year ago, you bought a bond for $10,000.You received interest of $400 at the end of the year, as well as your
$10,000 principal.If the inflation rate over the last year was 5 percent, calculate your real return.Show your work.

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You received F = $10,400 in no...

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