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5-18. Suppose today is January 2, 2022, and investors expect the annual inflation rates in 2022 through 2024 to be: To yield a real risk-free

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5-18. Suppose today is January 2, 2022, and investors expect the annual inflation rates in 2022 through 2024 to be: To yield a real risk-free rate, r, equal to 2 percent, what would the average nominal rate be on a (a) one-year bond, (b) two-year bond, and (c) three-year bond

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