Question
The sale of a loan converts a long term asset on the balance sheet into cash, thus reducing the maturity and increasing the liquidity of
The sale of a loan converts a long term asset on the balance sheet into cash, thus reducing the maturity and increasing the liquidity of the assets. This in turn alleviates the interest rate risk and the liquidity risk
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
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