Question
When the market interest rate increases after the origination of a non-prepayable loan, the loan duration becomes: a. longer b. shorter c. unchanged d. ambiguous
When the market interest rate increases after the origination of a non-prepayable loan, the loan duration becomes:
a. longer
b. shorter
c. unchanged
d. ambiguous
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian Edition volume 2
013269008X, 978-0133122855, 133122859, 978-0132690089
