If a Share of Stock Provided a 14

question 68

Multiple Choice

If a share of stock provided a 14.84% nominal rate of return over the previous year while the real rate of return was 6.65%,then the inflation rate was:

• A) 8.89%.
• B) 7.68%.
• C) 8.03%.
• D) 9.12%.

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Definitions:

Insurance Settlement

The agreement reached between the insurer and the insured to resolve a claim, resulting in payment to the insured or a third party.

Bits

The most basic data element in computer science, which can be a binary digit of 0 or 1.

Byte

A unit of digital information in computing and telecommunications that most commonly consists of eight bits, representing a single character of data.

Manufacturer

A company or individual that produces finished goods from raw materials on a large scale, using labor, machinery, and tools.