Assume that the inflation rate during the last year was 118


Assume that the inflation rate during the last year was 1.18 percent. US government T-bills had the nominal rates of return of 3.15 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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Financial Management: Assume that the inflation rate during the last year was 118
Reference No:- TGS01161460

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