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The inflation premium is 1.2% per year, the liquidity premium is 0.2% per year, the maturity premium is 0.9% per year, and the default premium
The inflation premium is 1.2% per year, the liquidity premium is 0.2% per year, the maturity premium is 0.9% per year, and the default premium is 1.7% per year. If the risk-free interest rate is 3.3% per year, what is the annual real interest rate?
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