If a Share of Stock Provided a 14

question 81

Multiple Choice

If a share of stock provided a 14.0 percent nominal rate of return over the previous year while the real rate of return was 6.0 percent, then the inflation rate was:

• A)1.89 percent.
• B)7.55 percent.
• C)8.00 percent.
• D)9.12 percent.

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Definitions:

MIN(range)

Refers to the smallest value in a given range of data.

Smallest Value

The minimum value within a set of numbers or measurements.

SUM(range)

A mathematical function that adds together all numbers in a specified range.

Add Values

The operation of performing addition to increase or combine numeric quantities.