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If I buy a distressed loan at 50% discount to original face value $1,000,000 and then work with the obligor to refinance it at 80%
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I500000 FV1000000 N2 Y6 The percentage return on the original investment is FV I 1 1 Y ...Get Instant Access to Expert-Tailored Solutions
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Money Banking and Financial Markets
Authors: Laurence M. Ball
2nd edition
1429244097, 978-1429244091
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