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Assume that the inflation rate during the last year was 1.12 percent. US government T-bills had the nominal rates of return of 4.01 percent. What is the real rate of return for a T-bill? Round the answer to two decimal places in percentage form.

Assume that the inflation rate during the last year was 1.12 percent.

US government T-bills had the nominal rates of return of 4.01 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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