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The risk-free rate is 3.2%, and expected inflation is 2.7%. If inflation expectations change such that future expected inflation falls to 2.3%, what will the

The risk-free rate is 3.2%, and expected inflation is 2.7%. If inflation expectations change such that future expected inflation falls to 2.3%, what will the new risk-free rate be?

The new risk-free rate is ( )%. (Round to one decimal place.)

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