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Assume that the inflation rate during the last year was 1.26 percent. US government T-bills had the nominal rates of return of 5.01 percent. What

Assume that the inflation rate during the last year was 1.26 percent. US government T-bills had the nominal rates of return of 5.01 percent. What is the real rate of return for a T-bill?

Round the answer to two decimal places in percentage form.

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