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You read in businessweek that a panel of economists has estimated that the long-run real growth rate of us economy over the next five-year period will average 3 percent. in addition, a bank newsletter estimates that the average annual rate of inflation during the five-year period will be about 4 percent. what nominal rate of return would you expect on us government t-bills during this period?
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You read in businessweek that a panel of economists has estimated that the long-run real growth rate...
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