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Please bold the answer. Answer correctly please. Will leave a positive review if correct. Assume that the inflation rate during the last year was 1.57
Please bold the answer. Answer correctly please. Will leave a positive review if correct.
Assume that the inflation rate during the last year was 1.57 percent. US government T-bills had the nominal rates of return of 3.67 percent. What is the real rate of return for a T-bill? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)Step by Step Solution
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
7th Edition
0321122356, 978-0321122353
