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Structure a mortgage bond for $150,000 so that its monthly payments are $1,000. The prevailing interest rate is quoted at 6% (APR) per year.
Structure a mortgage bond for $150,000 so that its monthly payments are $1,000. The prevailing interest rate is quoted at 6% (APR) per year.
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
10th Edition
026204627X, 978-0253337535
