Question: The yield on a bond is expected to be 15.77% over the next year. If inflation over this time period is expected to be 4.6%,

The yield on a bond is expected to be 15.77% over the next year. If inflation over this time period is expected to be 4.6%, what is the exact increase in purchasing power as a result of owning this bond? a. 20.37% b. 10.68% c. 3.43% d. 21.10% e. 11.17%

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