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a. What are the pros and cons of asset-backed securities such as mortgage-backed securities to the retail or institutional investors? b. What are the roles
a. What are the pros and cons of asset-backed securities such as mortgage-backed
securities to the retail or institutional investors?
b. What are the roles played by various financial institution(s)?
c. Mutual funds have been gaining popularity among investors. From the investors point of view, illustrate why it is usually a better choice to buy the mutual funds than to buy asset-backed securities.
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