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If Treasury bills are currently paying 6 . 6 percent and the inflation rate is 1 . 1 percent, what is the approximate and the

If Treasury bills are currently paying $6.6$ percent and the inflation rate is $1.1$ percent, what is the approximate and the exact real rate of interest?

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Question

If Treasury bills are currently paying 6 . 6 percent and the inflation rate is 1 . 1 percent, what is the approximate and the

If Treasury bills are currently paying 6.6 percent and the inflation rate is 1.1 percent, what is the approximate and the exact real rate of interest?

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Financial and Managerial Accounting

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If Treasury bills are currently paying $6.6$ percent and the inflation rate is $1.1$ percent, what is the approximate and the exact real rate of interest?