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You are interested in what the real return on Country L's bonds. You can see that a ten year bond is currently trading for 7.92%.

You are interested in what the real return on "Country L's" bonds. You can see that a ten year bond is currently trading for 7.92%. You also observe that the current rate of inflation for the country is estimated at 1.44%. Whag is the real rate you compute.
Answer as a percentage to two decimal points. Be aware to inclue the negative sign if appropriate.

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