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18. Collateral illiquidity is the third type of risk. If the lender must liquidate or foreclose on collateral, the necessary time and costs may detract

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18. Collateral illiquidity is the third type of risk. If the lender must liquidate or foreclose on collateral, the necessary time and costs may detract from the ultimate returns. The longer it takes to liquidate assets, the more expensive the process is likely to become because of the increased administrative costs and the difficulties associated with consummating a distressed sale, O a FALSE O b. TURE

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