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If the nominal interest rate on a 1 -year CD is 10%, and you expect inflation to be 4% over the coming year. What is

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If the nominal interest rate on a 1 -year CD is 10%, and you expect inflation to be 4% over the coming year. What is the difference between the exact real rate and the approximate real rate (i.e., exact number - approximate number)? Express your answer in percent and round it to 2 decimal places after the comma. E.g., if you get 0.0245678 , then write down 2.46 (without the percent sign). If you get a negative number, remember to put a "-" sign up front

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