Calculate the actual nominal rate of return


Question: Abond produces a real rate of return of 5.03 percent for a time period when the inflation rate is 3.30%. Calculate the actual nominal rate of return on the bond?

[A] 8.50%

[B] 8.55%

[C] 8.68%

[D] 8.33%

[E] 8.42%

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Finance Basics: Calculate the actual nominal rate of return
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