What is the approximate real rate of interest

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Treasury bills are currently paying 9 percent and the inflation rate is 3.1 percent. What is the approximate real rate of interest? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Approximate real rate % What is the exact real rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Exact real rate %

Reference no: EM131446084

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