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Assume that the inflation rate during the last year was 2.28 percent. US long-term bonds had the nominal rates of return of 5.34 percent. What is the real rate of return for a US long-term bond? Round the answer to two decimal places in percentage form. (Write the percentage sign in the “units” box)

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Assume that the inflation rate during the last year was 2.28 percent. US long-term bonds had the nominal rates of return of 5.34 percent. What is the real rate of return for a US long-term bond?
Round the answer to two decimal places in percentage form. (Write the percentage sign in the “units” box)

 
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