What is the approximate real rate of, Financial Management

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What is the approximate real rate of

Treasury bills are currently paying 12.9 percent and the inflation rate is 4.77 percent.

What is the approximate real rate of interest?

(Enter your answer as a percentage, omit the "%" sign in your response, and enter your answer with two decimal places. For example, 1.214% should be entered as 1.21.)

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