The outstanding bonds of franks welding provide a real rate, Financial Management

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The outstanding bonds of franks welding provide a real rate

The outstanding bonds of Frank's Welding provide a real rate of return of 2.87 percent. The current rate of inflation is 4.64 percent. What is the nominal rate of return on these bonds?

A. 7.33 percent

B. 7.46 percent

C. 7.51 percent

D. 7.64 percent

E. 7.71 percent

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Financial Management: The outstanding bonds of franks welding provide a real rate

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