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(Interest rate determination?) If the? 10-year Treasury bond rate is 4.7 %, the inflation premium is 1.5 %?, and the? maturity-risk premium on? 10-year Treasury bonds is

0.4 %?, assuming that there is no? liquidity-risk premium on these? bonds, what is the real? risk-free interest? rate?

The real? risk-free interest rate is ___?%.

?(Round to one decimal? place.)

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