Attempts Do No Harm / 1 5. Problem 6.16 (Inflation Cross-Product) eBook An analyst is evaluating securities in a developing nation where the inflation rate is very high. As a result, the analyst has been warned not to ignore the cross-product between the real rate and inflation. A 6-year security with no maturity, default, or liquidity risk has a yield of 18.72%. If the real risk-free rate is 6%, what average rate of inflation is expected in this country over the next 6 years? (Hint: Refer to "The Links Between Expected Inflation and Interest Rates: A Closer Look".) Do not round intermediate calculations. Round your answer to the nearest whole number. % Grade it Now Save & Continue Continue without saving