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Ai lun, a management trainee at a large new yorkdashbased bank, is trying to estimate the real rate of return expected by investors. he notes that the 3dashmonth tdashbill currently yields 3 percent, and consumer prices have been rising steadily at a 2% rate for several years. what should ai lun's estimate of the real rate be?
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Ai lun, a management trainee at a large new yorkdashbased bank, is trying to estimate the real rate...
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