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Warm-Up 6-1 (similar to The nominal, risk-free rate on T-bills recently is 2.49%. If the real rate of interest is 0.93%, what is the expected

Warm-Up 6-1 (similar to The nominal, risk-free rate on T-bills recently is 2.49%. If the real rate of interest is 0.93%, what is the expected level of inflation? The expected level of inflation, IP, is %. (Round to two decimal places.)

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