Assume that the inflation rate during the last year was 118, Finance Basics

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Assume that the inflation rate during the last year was 118

Question: Assume that the inflation rate during the last year was 1.18 percent. US government notes had nominal rates of return of 5.5 percent. What is the real rate of return for a note? Round the answer to two decimal places in percentage form. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Assume that the inflation rate during the last year was 118

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