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Assume that the inflation rate during the last year was 1.87 percent. US government T-bills had the nominal rates of return of 5.30 percent. What

Assume that the inflation rate during the last year was 1.87 percent. US government T-bills had the nominal rates of return of 5.30 percent. What is the real rate of return for a T-bill?

Round the answer to two decimal places in percentage form.(Write the percentage sign in the "units" box)

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