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Q:Question:Why is the degree of collateral as specified in the loan agreement of importance to a lender? If the book value of the collateral is

Q:Question:Why is the degree of collateral as specified in the loan agreement of importance to a lender? If the book value of the collateral is greater than or equal to the amount of the loan, is the credit risk of a lender fully covered? Why or why not?A:Answer:The collateral against a loan provides assurance t...

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