If your after-tax realized real interest rate was 2 percent over the past year and you owned a one-year bond that paid 8 percent interest, what was the inflation rate if you faced a tax rate of 15 percent?
A. 4.8 percent
B. 5.1 percent
C. 5.4 percent
D. 6.0 percent
Answer: A
Business
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What will be an ideal response?
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