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Question 3 1 pts A loan buyer in a secondary market believes that x% of the loans are high quality, and the rest are low
Question 3 1 pts A loan buyer in a secondary market believes that x% of the loans are high quality, and the rest are low quality. The buyer values high quality loans at $1,600 and low quality at $1,440. Banks selling loans value high quality loans at $1,510 and low quality at $1,400. If the buyer cannot observe the bond's type, then the minimum x that will support trade in both types is? 044% 0 48.5% 0 51% 0 52.5%
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