Question: Problem 7 - 1 1 Nominal and Real Returns ( LO 6 ) An investment offers a 1 5 % total return over the coming

Problem 7-11 Nominal and Real Returns (LO6)
An investment offers a 15% total return over the coming year. Bill Morneau thinks the total real return on this investment will be only
11%.
What does Morneau believe the inflation rate will be over the next year? (Do not round intermediate calculations. Round the final
answer to 2 decimal places.)
Inflation rate
 Problem 7-11 Nominal and Real Returns (LO6) An investment offers a

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