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You observe that one - year interest rates are currently 9 . 5 % . Over the same period, inflation is expected to be 6

You observe that one-year interest rates are currently 9.5%. Over the same period, inflation is expected to be 6%. According to the (approximate) domestic Fisher effect, what is the real one-year interest rate? Submit your final answer as a percentage rounded to two decimal places (Ex.0.00%).

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