A Bond Has a Nominal Rate of Return of 5

question 65

Multiple Choice

A bond has a nominal rate of return of 5.87 percent and the inflation rate is 4.13 percent.What is the approximate real rate?

• A) 1.62 percent
• B) 1.70 percent
• C) 1.74 percent
• D) 1.83 percent
• E) 1.88 percent

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Definitions:

Idle No More

A grassroots movement originating among the First Nations peoples of Canada and their allies, aimed at protecting Indigenous treaty rights, land, and water from legislative actions perceived as exploitative or neglectful.

National Day

A day that has been designated to celebrate the nationhood of a country, often marked by public holidays, parades, and festivities.

Hunger Strike

A form of protest in which individuals refuse to eat food until their demands or conditions are met, often used as a means of non-violent resistance.

Assimilation Policy

A governmental strategy aimed at encouraging immigrants or minorities to adopt the dominant cultural norms and values of a society.