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In mid-1980, Willem G&H issued a standard 35-year fixed rate mortgage at 8.6% for $170,000. Forty-eight months later, mortgage rates jumped to 15%. If the

In mid-1980, Willem G&H issued a standard 35-year fixed rate mortgage at 8.6% for $170,000. Forty-eight months later, mortgage rates jumped to 15%. If the G&H sells the mortgage, how much of a loss is incurred?

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