Click to see additional instructions A one-year Treasury bill yields 4.5% and the expected inflation rate is 3%. Calculate, approximately, the expected real rate of interest. (Express your answer in percentage terms - i.e., 17% should be typed '17) A one-year Treasury bill yields 4.5% and the expected inflation rate is 3%. Calculate, precisely, the expected real rate of interest. Express your answer in percentage terms (i.e., 17% should be entered at "17").