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8. What is the real interest rate if the nominal interest rate is 15% and...

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Finance

8. What is the real interest rate if the nominal interest rate is 15% and the expected inflation rate is 3% over the course of a year? (Hint: use Fisher Equation) a) 12.00% b) 11.33% c) 10.54% d) 10.33% e) None of the above

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