Question: A bond that paid interest annually yielded 6.4 percent last year. The inflation-adjusted real retum was 4.2 percent. What was the inflation rate over the

 A bond that paid interest annually yielded 6.4 percent last year.

A bond that paid interest annually yielded 6.4 percent last year. The inflation-adjusted real retum was 4.2 percent. What was the inflation rate over the same period? Select one: a. 2.88 percent b. 2.11 percent c. 2.30 percent O d. 3.25 percent O e. 4.63 percent

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