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Suppose the real rate is 2.9 percent and the inflation rate is 4.5 percent. What rate would you expect to see on a Treasury bill?

Suppose the real rate is 2.9 percent and the inflation rate is 4.5 percent.

What rate would you expect to see on a Treasury bill? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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