Question
During the period 1987 to 2013, the average yield on 3-Month U.S. Treasury bills was 3.85%, the average inflation rate was 2.92%, the average yield
During the period 1987 to 2013, the average yield on 3-Month U.S. Treasury bills was 3.85%, the average inflation rate was 2.92%, the average yield on 30-year Treasury bonds was 6.14%, and the average return on 30-year Aaa-Rated Corporate Bonds was 7.00%. The real risk-free short-term interest rate is
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International Finance
Authors: Keith Pilbeam
2nd Edition
0333730976, 978-0333730973
