Question: Using the exact / precise Fisher equation, the nominal rate of interest on a bond with a real rate of 2 . 6 % per

Using the exact/precise Fisher equation, the nominal rate of interest on a bond with a real rate of 2.6% per year and expected inflation of 2.9% per year is (in percentage to nearest two decimal places; do not use the percentage sign eg 2.881% is 2.88):

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