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What is the real rate of return for a t-bill

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Assume that the inflation rate during the last year was 1.20 percent. US government T-bills had the nominal rates of return of 3.54 percent. What is the real rate of return for a T-bill? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

Reference no: EM132652034

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