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You notice the quoted rate on a 10-year Treasury is 2.88% and the current inflation rate is 1.5%. What is the real rate? State your

You notice the quoted rate on a 10-year Treasury is 2.88% and the current inflation rate is 1.5%. What is the real rate? State your answer with two decimal places and as a percentage (i.e. 13.21% not .1321).

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