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A 30-year floating rate (or adjustable rate) mortgage with an annual rate adjustment has a duration about a. 30 years b. 12 years c. 7
A 30-year floating rate (or adjustable rate) mortgage with an annual rate adjustment has a duration about
a. 30 years
b. 12 years
c. 7 years
d. 1 year
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
