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Treasury bills are currently paying 6 percent and the

Treasury bills are currently paying 6 percent and the inflation rate is 2.8 percent.

What is the approximate real rate of interest? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

What is the exact real rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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Finance Basics: Treasury bills are currently paying 6 percent and the

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