Homework #3E (Perpetuity, EAR, RRR)
Question 5 (1 point)
Large-cap stocks had the nominal rates of return of 11.44 percent. The rate of inflation during the last year was 4.44 percent. What is the real rate of return for large-cap stocks?
Round the answer to two decimal places in percentage form. (Write the percentage sign in the “units” box)