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A bank loan has been given to a customer at a bank with a FIXED nominal interest rate of 15%. The real interest rate for

A bank loan has been given to a customer at a bank with a FIXED nominal interest rate of 15%. The real interest rate for the bank's profit margin is 9%. The next year, unanticipated inflation has increased another 7%. What is the new real interest rate? Who did it hurt, the borrower or lender? Why

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