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Suppose that on January 1 , 2 0 2 4 , the price of a one - year Treasury billwith a face value of

Suppose that on January 1,2024, the price of a one-year Treasury billwith a face value of \$1,000-is \$907.14 Investors expect that the inflation rate will be 5% during 2024, but at the end of the year, the inflation rate turns out to have been 3*0/6 The nominal interest rate on the bill (measured as the yield to maturity) is places.)%(Round your response to two decimal

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