The question 3 on Schweser book 1 Self Test Page 332 is not very clear in whether desired 200M is inflation adjusted amount or normial amount. Since it is not clear, I assume it is normial amount, thus the calculation will be different from the answer, I would convert the 200M into inflation adjusted amount first FV = 200/1.01^^14 = 174, N=14 PV=-102 PMT = 1 (all amount are real amount) the computed I/Y in real term = 4.66 thus the nomial return is 5.66, I think answer should be B instead of C, anyone can comment is appreciated.