What is the approximate and exact real rate of interest

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Reference no: EM131501385

If Treasury bills are currently paying 6.35 percent and the inflation rate is 1.6 percent, what is the approximate and the exact real rate of interest? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Approximate real rate %

Exact real rate

Reference no: EM131501385

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