Pacific shores bank makes a vacation loan to steve at an interest rate of 8.50 percent. the one year tbill rate is 4%. the lgd on a vacation is 100%. when steve asks for a second loan, this time to buy a car, pacific shores bank offers him a rate of 5.68%. what recovery rate does pacific shores bank use to price the auto loan? (your answer should be to the nearest tenth of a percent. if your answer is 88.1% then write in 88.1).

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.