Question: Paul has a variable rate mortgage with NAB costing 3.5% per annum. If the RBA decreases the official cash rate by 50 basis points, what

Paul has a variable rate mortgage with NAB costing 3.5% per

Paul has a variable rate mortgage with NAB costing 3.5% per annum. If the RBA decreases the official cash rate by 50 basis points, what is the most likely shift in cost of Paul's home loan? Select one: O a. 3% O b. 4.3% O c. 3.3% O d. 3.48% O e. 4%

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