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Treasury bills are currently paying 8 percent and the inflation rate is 3.50 percent. What is the approximate real rate of interest? (Round your answer

Treasury bills are currently paying 8 percent and the inflation rate is 3.50 percent.

What is the approximate real rate of interest? (Round your answer to 2 decimal places. (e.g., 32.16))

Approximate real rate

What is the exact real rate? (Round your answer to 2 decimal places. (e.g., 32.16))

Exact real rate

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