ves a payoff totaling $1,000 on January 1, 2017. Suppose that n January 1, 2016, and 245 on January 1, 2017. d the inflation rate, the nominal interest rate (i.e., the interest ra ed on the one-year bond), and the ex post real interest rate of M cial investment in the government bond. pnose Mark anticinated that thee CPL would be 248 by the begin

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