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Mathematics, 01.11.2019 04:31 edjiejwi
Ai lun, a management trainee at a large new york based bank, is trying to estimate the real rate of return expected by investors. he notes that the 3-month t-bill currently yields 3 percent, and consumer prices have been rising steadily at a 2% rate for several years. what should ai lun's estimate of the real rate be? a) 5% b) 1% c) 3% d) 2%
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