Treasury bills are currently paying 9 percent and the inflation rate is 3.1 percent. What is the
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Question:
Treasury bills are currently paying 9 percent and the inflation rate is 3.1 percent. |
What is the approximate real rate of interest? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
Approximate real rate | % |
What is the exact real rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
Exact real rate | % |
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ISBN: 9781266566899
2nd Edition
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
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