You have a goal of earning a real rate of return of 103


You have a goal of earning a real rate of return of 10.3 percent on your investments. What nominal rate will you have to earn if the inflation rate is 6.4 percent?

a) 3.67 percent

b) 17.45 percent

c) 7.77 percent

d) 17.36 percent

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Financial Management: You have a goal of earning a real rate of return of 103
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