In January 2022, the nominal interest rate on a 1-year Treasury bill was 0.53 percent. From January
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In January 2022, the nominal interest rate on a 1-year Treasury bill was 0.53 percent. From January 2022 to January 2023, the consumer price index rose from 283 to 301. If you bought the 1-year Treasury bill in January 2022, calculate the real interest rate you earned over the following 12-month period.
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