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You expect the annual real rate of interest to remain constant for the indefinite future at 3.4%. You expect the upcoming years inflation to be

You expect the annual real rate of interest to remain constant for the indefinite future at 3.4%. You expect the upcoming years inflation to be 3.4%. What current one-year spot rate should you observe in the market? Please use the exact formula. Enter in percent form without the percentage sign. Enter to three decimal places.

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