Question
1)It is often said that with a fixed rate loan the lender bears the interest rate risk and with a variable rate loan the borrower
1)It is often said that with a fixed rate loan the lender bears the interest rate risk and with a variable rate loan the borrower bears the interest rate risk. Please explain this statement.
2)Can you give me at least one example of a popular unsecured consumer loan and a popular secured loan? Which is riskier and why?
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Analysis For Financial Management
Authors: Robert C. Higgins
10th International Edition
007108648X, 9780071086486
