Aborrower has a 5/1 arm tied to the 1-year london interbank offering rate (libor). the borrower’s current rate (after several adjustments) is 6%. it’s the time of year when the rate adjusts again and the libor is currently at 6%. what will be the borrower’s new interest rate if the loan has the following terms? introductory interest rate: 3.00%; margin: 2.25%; and periodic cap/floor: +/- 2%. (there is no lifetime cap.) (input your answer as a percentage rounded to the nearest tenth and without the % sign, e. g., 12.5% is input as 12.5 not 0.125)

Stormie zanzibar owns a bakery in the fictitious country of olombia. each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread. the list also dictates the types of goods she can sell at the bakery and what she is to charge. because of the regulations placed on these goods, stormie has increased her production of sweets, pies, cakes, croissants and buns and decreased her supply of breads, muffins and flat bread. she has taken these steps because the sweet goods’ prices are not government controlled. stormie zanzibar lives under what type of economy?