Business, 06.11.2020 17:10 McSporter

You borrow $10,000 today at a nominal rate of 5%; inflation for the past 10 years has been exactly 2%. Today, inflation instantly rises to 7% and stays that way for the duration of your loan. Based on the above information, ceteris paribus (all else equal), today: Group of answer choices

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You borrow $10,000 today at a nominal rate of 5%; inflation for the past 10 years has been exactly 2...

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