Question: Please explain in detail and type or write as neatly as possible. Thanks. 6. Treasury bills are currently paying 6 percent and the inflation rate

Please explain in detail and type or write as neatly as possible. Thanks.
6. Treasury bills are currently paying 6 percent and the inflation rate is 2.6 percent. (Round the final answers to 2 decimal places.) a. What is the approximate real rate of interest? b. What is the exact real rate
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