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QUESTION
An investment offers a total return of 14 percent over the coming year. Bill Bernanke thinks the total real return on this investment will be only...
An investment offers a total return of 14 percent over the coming year. Bill Bernanke thinks the total real return on this investment will be only 8.6 percent.
Required:What does Bill believe the inflation rate will be over the next year? (Do not round intermediate calculations.Round your answer to 2 decimal places (e.g.,32.16).)
