Question: Problem 6-12 Nominal versus Real Returns [LO 4] Say you own an asset that had a total return last year of 18 percent. Assume the
Problem 6-12 Nominal versus Real Returns [LO 4] Say you own an asset that had a total return last year of 18 percent. Assume the inflation rate last year was 3.3 percent. What was your real return? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16
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