Question: Paul has a variable rate mortgage with NAB costing 3.5% per annum. If the RBA increases the official cash rate by 25 basis points, what

Paul has a variable rate mortgage with NAB costing 3.5% per annum. If the RBA increases the official cash rate by 25 basis points, what is the most likely shift in cost of Pauls home loan?

Select one:

a. 3%

b. 3.8%

c. 4.3%

d. 3.48%

e. 3.3%

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