9. A financial corporation with a BBB credit rating has a consumer loan portfolio. An investment banker
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9. A financial corporation with a BBB credit rating has a consumer loan portfolio. An investment banker suggests that this corporation consider issuing an ABS where the collateral for the security would the consumer loan portfolio. What would be the advantage of issuing an ABS rather than a corporate bond for which the consumer loan portfolio serves as collateral?
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Related Book For
Foundations Of Global Financial Markets And Institutions
ISBN: 9780262039543
5th Edition
Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann
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