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Problem 6-9 Calculating Real Rates of Return [LO 4 ] If Treasury bills are currently paying 6.1 percent and the inflation rate is 2.1 percent,

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Problem 6-9 Calculating Real Rates of Return [LO 4 ] If Treasury bills are currently paying 6.1 percent and the inflation rate is 2.1 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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