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Suppose that on January 1, 2023, the price of a one-year Treasury bill—with a face value of $1,000—is $955.95. Investors expect that the inflation rate will be 4% during 2023, but at the end of the year, the inflation rate turns out to have been 1%.The nominal interest rate on the bill (measured as the yield to maturity) is ________%. (Round your response to two decimal places.)Part 2The expected real interest rate is %. (Round your response to two decimal places.)Part 3The actual real interest rate is 3.613.61%. (Round your response to two decimal places.
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