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5-year Treasury bonds yield 4.5%. The inflation premium (IP) is 1.75%, and the maturity risk premium (MRP) on 5- year T-bonds is 0.35%. There is

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5-year Treasury bonds yield 4.5%. The inflation premium (IP) is 1.75%, and the maturity risk premium (MRP) on 5- year T-bonds is 0.35%. There is no liquidity premium on these bonds. What is the real risk-free rate, r*

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