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Harley Bank is in the business of securitizing and selling residential mortgages. On March 2 0 X 8 , Harley Bank securitized a pool of
Harley Bank is in the business of securitizing and selling residential mortgages. On March X Harley Bank securitized a pool of residential mortgages and sold them for $ subject to prepayment. How should such securities be measured by the investor?
Similar to investment in debt securities classified as held to maturity.
Similar to investment in debt securities classified as available for sale or trading securities
At cost
None of the above.
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
