Multiple Choice
The ABC Corporation earned a real rate return of 4.5 percent on an investment. In the economy, the nominal rate of interest was 6 percent and the rate of inflation was 3 percent. We can conclude that
A) the investment was unprofitable.
B) the investment was profitable.
C) the real rate of interest was 9 percent.
D) the real rate of interest was 1.5 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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