Four years ago, Lallana Properties issued $1,000 par value, seven-year bonds. Today, the bonds are...
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Four years ago, Lallana Properties issued $1,000 par value, seven-year bonds. Today, the bonds are vieiding 8.27 percent per year. The annual inflation rate is 2.24 percent. What is the real rate of return on the bonds? 5.90 percent 9.44 percent 10.70 percent 6.66 percent 11.49 percent
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