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The nominal, risk-free rate on T-bilis recently is 1.52%. If the real rate of interest...

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Accounting

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The nominal, risk-free rate on T-bilis recently is 1.52%. If the real rate of interest is 1.14%, what is the exact and approximate expected level of inflation? The exact expected level of inflation, /, is%. (Round to three decimal places.) The approximate expected level of inflation, i, is% (Round to two decimal places.)

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