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The quoted yield on a 10-year Treasury is 2.56% and the current inflation rate is 1.36%. What is the real rate? State your answer with

The quoted yield on a 10-year Treasury is 2.56% and the current inflation rate is 1.36%. What is the real rate? State your answer with two decimal places and as a percentage (i.e. 13.21% not .1321).

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