An investment offers a total return of 15 percent over the coming year. Bill Bernanke thinks the total real return on this investment will be only 7.7 percent. Required: What does Bill believe the inflation rate will be over the next year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

An investment offers a total return of 15 percent over the coming year. Bill Bernanke thinks the total real return on this investment will be only 7.7 percent.

Required:
What does Bill believe the inflation rate will be over the next year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

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