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A 30-year adjustable rate mortgage (ARM) with an annual rate adjustment has a duration of about A. 30 years B. 12 years C. 7 years
A 30-year adjustable rate mortgage (ARM) with an annual rate adjustment has a duration of about
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A. 30 years
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B. 12 years
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C. 7 years
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D. 1 year
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
