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Weather Alert inc received a loan for one year at 9%. The pure rate is 3%, and the company's default risk premium is 2.4% and

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Weather Alert inc received a loan for one year at 9%. The pure rate is 3%, and the company's default risk premium is 2.4% and a llquidity risk premlum is 1.4%. There is little or no maturity risk in one-year loans. What inflation rate do lenders expect next year? Round your answer to one decimal place and add a % sign to your

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