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Question 10 2 pts Frank Riley just purchased a bond that is unsecured and is secondary to other unsecured bonds with respect to interest payments
Question 10 2 pts Frank Riley just purchased a bond that is unsecured and is secondary to other unsecured bonds with respect to interest payments or repayment at maturity. What type of bond has Frank purchased? Callable Municipal Subordinated debenture Convertible High-yield Question 11 2 pts Suppose you invested $20,000 of your own money and had a $80,000 mortgage with interest rate of 6.5 percent. After one year, you sell the property for $130,000. What is your gross profit? $90,000 $50,000 $10,000 $30,000 $130,000
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