Your investments increased in value by 15.6 percent last year but your purchasing power increased by only
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Question:
Your investments increased in value by 15.6 percent last year but your purchasing power increased by only 11.3 percent. What was the approximate inflation rate? (Enter your answer as a percent rounded to 1 decimal place. Omit the "%" sign in your response.)
Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
Posted Date: