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Consider the following 2-by-2 matrix of default decisions on a non-recourse mortgage. Which element of the matrix corresponds to the strategic default, a, b, c,
Consider the following 2-by-2 matrix of default decisions on a non-recourse mortgage. Which element of the matrix corresponds to the strategic default, a, b, c, or d?
| Home Price > Debt | Home Price < Debt | |
| Income > Debt Service | a | b |
| Income < Debt Service | c | d |
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
