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Question 18 (4 points) You read in the Wall Street Journal that three-month Treasury bills currently yield 6.50 percent. Your brother-in-law, a broker at Kyoto

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Question 18 (4 points) You read in the Wall Street Journal that three-month Treasury bills currently yield 6.50 percent. Your brother-in-law, a broker at Kyoto Securities, has given you the following estimates of current interest rate premiums: inflation risk premium 1.75% Liquidity risk premium 1% Maturity risk premium 2% Default risk premium 2% Based on these data, the real risk-free rate of return must be (approximately): Your Answer Answer units

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