Inflation rate will be over the next year

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An investment offers a 12 percent total return over the coming year. Bill Bernanke thinks the total real return on this investment will be only 7.3 percent.

Required:

What does Bill believe the inflation rate will be over the next year? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Inflation rate      %

Reference no: EM13907146

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