What nominal return would an investor need to receive if he desires a real return of 4% and the rate of inflation is 5%

Nominal interest rate= 0.09 = 9%

Explanation:

Giving the following information:

Real return= 4%

Rate of inflation= 5%

To calculate the nominal interest rate, we need to use the following formula:

Real interest rate= nominal interest rate - inflation rate

Nominal interest rate= real interest rate + inflation rate

Nominal interest rate= 0.04 + 0.05

Nominal interest rate= 0.09

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o