Question: Consider the following table for a seven-year period: Returns U.S. Treasury Bills 3.30% 3.15 Year 1926 1927 1928 1929 1930 1931 1932 4.05 4.47 227

 Consider the following table for a seven-year period: Returns U.S. Treasury

Consider the following table for a seven-year period: Returns U.S. Treasury Bills 3.30% 3.15 Year 1926 1927 1928 1929 1930 1931 1932 4.05 4.47 227 1.15 Inflation -1.12% -2.26 -1.16 .58 -6.40 -9.32 -10.27 88 What was the average real return for Treasury bills for this time period? (Do not round intermediete calculetions and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Average real return

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