Solutions to Chapter 1

On the other hand, the real expected rate of return is negative if the inflation rate exceeds the nominal return. 7. Quarter Average price of stocks in market Index (using DJIA method) Total market value of stocks Index (using S&P method) 1 875.83 100 663,736 100 2 857.50 97.91 654,456 98.60 3 906.67 103.52 691,336 104.16 4 911.67 104.09 685,256 103.24 8. ................
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