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Maya Morris, a management trainee at a large New York-based bank, is trying to estimate...

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Finance

Maya Morris, a management trainee at a large New York-based bank, is trying to estimate the real rate of return expected by investors. She notes that the 3-month T-bill currently yields 5%, and consumer prices have been rising steadily at a 2% rate for several years. What should Maya's estimate of the real rate be?

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