Assume that the inflation rate during the last year was 118, Finance Basics

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Assume that the inflation rate during the last year was 118

Question: Assume that the inflation rate during the last year was 1.18 percent. US government T-bills had the nominal rates of return of 5.78 percent. What is the real rate of return for a T-bill? Round the answer to two decimal places in percentage form.

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Finance Basics: Assume that the inflation rate during the last year was 118

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