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Takaroa Credit Union has $300 million of mortgage loans with a fixed rate of 7 per cent. The loans are financed by $300 million of

Takaroa Credit Union has $300 million of mortgage loans with a fixed rate of 7 per cent. The loans are financed by $300 million of CDs at a variable rate of bank-bill rate (BBR) plus 3 per cent. The W...

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