Asked by Chris Mortell on Jun 05, 2024
Verified
Provide an appropriate definition of a nominal rate.
Nominal Rate
The interest rate stated on a bond or loan agreement without adjustment for inflation.
- Articulate various components of a nominal interest rate.
Verified Answer
MT
Mitchell TychynskiJun 11, 2024
Final Answer :
The rate of return that has not been adjusted for inflation.
Learning Objectives
- Articulate various components of a nominal interest rate.
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