An investment offers a 16 percent total return over the, Financial Management

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An investment offers a 16 percent total return over the

An investment offers a 16 percent total return over the coming year. Fred Bernanke thinks the total real return on this investment will be only 12 percent.

What does Fred believe the inflation rate will be over the next year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Inflation rate %

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