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Suppose the real rate is 4.05 percent and the inflation rate is 2.8 percent. What rate would you expect to see on a Treasury bill?

Suppose the real rate is 4.05 percent and the inflation rate is 2.8 percent.

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).)

Rate

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