In a high-inflation economy, a corporate bond provided a nominal HPR of 45% per year. The inflation rate during this period was 38% per year. Calculate the real HPR on the bond.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 10P
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In a high-inflation economy, a corporate bond
provided a nominal HPR of 45% per year. The
inflation rate during this period was 38% per year.
Calculate the real HPR on the bond.
Transcribed Image Text:In a high-inflation economy, a corporate bond provided a nominal HPR of 45% per year. The inflation rate during this period was 38% per year. Calculate the real HPR on the bond.
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