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Given an anticipated inflation premium of 3% and a nominal rate of interest of 8%, what is the real interest rate? Set your calculator to

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Given an anticipated inflation premium of 3% and a nominal rate of interest of 8%, what is the real interest rate? Set your calculator to 4 decimal places. IF YOUR ANSWER IS, FOR EXAMPLE, 0.0524 ENTER IT AS 5.24. DO NOT ENTER THE % SYMBOL

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