Assume that the expected rates of inflation over the next 5 years are 4 percent, 7 percent, 10 percent, 8 percent, and 6 percent, respectively. What is the average expected inflation rate over this 5-year period??
A. ?6.5%
B. ?7.5%
C. ?8.0%
D. ?6.0%
E. ?7.0%
Answer: E
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