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Part 1 of 3 O Points: 0 of 1 Save Suppose that on January 1, 2023, the price of a one-year Treasury bill-with a
Part 1 of 3 O Points: 0 of 1 Save Suppose that on January 1, 2023, the price of a one-year Treasury bill-with a face value of $1,000-is $945.95 Investors expect that the inflation rate will be 2% during 2023, but at the end of the year, the inflation rate turns out to have been 1%. The nominal interest rate on the bill (measured as the yield to maturity) is %. (Round your response to two decimal places.)
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