Business, 29.02.2020 04:56 hctlawton

An investor requires a 3 percent increase in purchasing power in order to induce her to lend. She expects inflation to be 2 percent next year. The nominal rate she must charge is about:.
A.1%
B. 2%
C. 3%
D. 5%
E. 7%

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An investor requires a 3 percent increase in purchasing power in order to induce her to lend. She ex...