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T-bill has an interest rate of 1-3% and that a good return would be something that...

T-bill has an interest rate of 1-3% and that a good return would be something that had higher than the risk free rate, so does that also mean that anything that yields more than or the same as a T-bill after adjusting for the risk rate will be considered "good"? If that is the case how would you decide what would be considered "good" if there was inflation?

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