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If Treasury bills are currently paying 5.8 percent and the inflation rate is 2.7 percent, what is the approximate and the exact real rate of

image text in transcribed If Treasury bills are currently paying 5.8 percent and the inflation rate is 2.7 percent, what is the approximate and the exact real rate of interest? Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16

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