Exhibit 32 The Annual Rate of Inflation Is 2

question 51

Multiple Choice

Exhibit 3.2.
Use the Information Below for the Following Problem(S)
                                               Real Retums
$\begin{array}{lc}\text { Investment } & \text { Real Returns } \\\hline \text { Large company stock } & \text { Real Annual Return } \\\text { Small capitalization stock } & 6.50 \% \\\text { Long-term corporate bonds } & 8.60 \% \\\text { Long-term government bonds } & 3.60 \% \\\text { U.S. Treasury bills } & 2.80 \% \\\text { 1.03\% }\end{array}$

The annual rate of inflation is 2.5%
-Refer to Exhibit 3.2.What is the large company stock nominal return?

• A) 3.56%
• B) 5.37%
• C) 6.19%
• D) 9.16%
• E) 11.32%

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Definitions:

Customer Value Proposition

The cluster of benefits that an organization promises customers to satisfy their needs.

Economic Losses

Financial losses incurred by individuals, businesses, or the economy due to factors such as accidents, natural disasters, or market downturns.

Quebec Courts

The judicial system within the province of Quebec, Canada, which includes courts of various levels handling civil, criminal, and administrative matters.

Common Law

A legal system based on custom, court rulings, and precedent rather than written laws.