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Solve for the real rate

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Suppose the nominal rate is 17.73% and the inflation rate is 7.8%. Solve for the real rate. Use the Fisher Effect formula.

Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box.

Reference no: EM131387878

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