Assume that last year,Isaac earned 13.6 percent on his investments while U.S.Treasury bills yielded 2.7 percent,and the inflation rate was 2.2 percent.What real rate of return did he earn on his investments last year?
A) 11.63 percent
B) 11.15 percent
C) 13.56 percent
D) 12.24 percent
E) 10.39 percent
Correct Answer:
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