Question: Please bold the answer. Answer correctly please. Will leave a positive review if correct. Assume that the inflation rate during the last year was 1.57

Please bold the answer. Answer correctly please. Will leave a positive review if correct.

Assume that the inflation rate during the last year was 1.57 percent. US government T-bills had the nominal rates of return of 3.67 percent. What is the real rate of return for a T-bill? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

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