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

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An investment offers a total return of 16 percent over the

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

What does Janice believe the inflation rate will be over the next year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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

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