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you read in The Wall Street Joumal that 30-day T-bills are currently yielding 5.5%. Your brother-in-law, a broker at Safe and Sound Securities, has given

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you read in The Wall Street Joumal that 30-day T-bills are currently yielding 5.5%. Your brother-in-law, a broker at Safe and Sound Securities, has given you the following estimates of current interest rate premium Inflation premium 3.00% Liquidity premium 0.4% Maturity risk premium 1.70% Default premium 2.90% On the basis of these data, what is the real risk-free rate of return? Round your answer to two decimal places

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