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Treasury bills are currently paying 9 percent and the

Treasury bills are currently paying 9 percent and the inflation rate is 2.90 percent. What is the approximate real rate of interest? (Round your answer to 2 decimal places. (e.g., 32.16)) Approximate real rate % What is the exact real rate? (Round your answer to 2 decimal places. (e.g., 32.16)) Exact real rate %

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