9. During the past year, you had a portfolio that contained U.S. government T-bills, long-
term government bonds, and common stocks. The rates of return on each of them were
as follows:
U.S. government T-bills
U.S. government long-term bonds
U.S. common stocks
5.50%
7.50
11.60
During the year, the consumer price index, which measures the rate of inflation, went
from 160 to 172 (1982 - 1984 100). Compute the rate of inflation during this year.
Compute the real rates of return on each of the investments in your portfolio based on
the inflation rate.
nomists has estimated that the long-run real
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Islamic canonical law based on the teachings of the Koran and the traditions of the Prophet (Hadith and Sunna), prescribing both religious and secular duties and sometimes retributive penalties for lawbreaking. It has generally been supplemented by legislation adapted to the conditions of the day, though the manner in which it should be applied in modern states is a subject of dispute between Muslim traditionalists and reformists.
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