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Suppose you know that cumulative ination for the period 12/31/1972-12/31/1980 was 2.030. You also know that the geometric mean for Treasury bills for this period
Suppose you know that cumulative ination for the period 12/31/1972-12/31/1980 was 2.030. You also know that the geometric mean for Treasury bills for this period was 7.4 percent. What was the real return for Treasury bills for the period 12/31/1972-12/31/1980? Express the answer in the nearest tenth percent. Please show work and thank you very much!
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