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Leverage reflects the risk taken by a borrower. A borrower makes monthly payment for a peimary mortgage and a second mortgage of a property, with

Leverage reflects the risk taken by a borrower. A borrower makes monthly payment for a peimary mortgage and a second mortgage of a property, with the loan-to-value ratio equal to 70sin and 20%, respectively. What is the proper leverage ratio that could refect the total risk tawen by the borrower? (choose the closest answer). 10 1.8 125 33

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