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Suppose the real rate is 2.8 percent and the inflation rate is 3.4 percent. Required: What rate would you expect to see on a Treasury

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Suppose the real rate is 2.8 percent and the inflation rate is 3.4 percent. Required: What rate would you expect to see on a Treasury bill? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

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