Letting i denote the current nominal market interest rate (yield to maturity), in which of the following situations should a rational investor prefer to be a LENDER: 

Normale Antwort Multiple Choice

• i = 4% and the expected π = 3%

  i = 4% and the expected π = 3%

  i = 4% and the expected π = 3%
• i = 13% and the expected π = 11%

  i = 13% and the expected π = 11%

  i = 13% and the expected π = 11%
• i = 25% and the expected π = 20%

  i = 25% and the expected π = 20%

  i = 25% and the expected π= 20%
• i = 5% and the expected π = -1%

  i = 5% and the expected π = -1%

  i = 5% and the expected π = -1%

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