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You read in BusinessWeek that a panel of economists has estimated that the long-nun real growth rate of the U $, economy over the next

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You read in BusinessWeek that a panel of economists has estimated that the long-nun real growth rate of the U $, economy over the next five-year penod mil average 6 pertent. In addition, a bank newsletter estimates that the average annual rate of inflation during this five-year period will be about 5 percent. What nominal rote of return mould rou expect an U.S. government T-bills during this perlod? Round your answer to two decimal places. %

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