Question: Based on the Fisher equation, if expected inflation e = 3% and nominal rate rnominal = 14%, what would the real rate rreal be? Note:

Based on the Fisher equation, if expected inflation e = 3% and nominal rate rnominal = 14%, what would the real rate rreal be? Note: Show your answer in units of percents, use plain numbers with at least two digits after the decimal (e.g., for 12.34%, type 12.34)

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