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You observe that the expected rate of inflation over the next year is 3.21% and current one year Treasury bills are yielding 5.93%. Based on

You observe that the expected rate of inflation over the next year is 3.21% and current one year Treasury bills are yielding 5.93%. Based on the domestic Fisher effect, what is the approximate one year real rate of interest? Submit your answer as a percentage to two decimal places (Ex. 0.00%).

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