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Which of the following loan-like financial instruments would you expect to have a substantially lower quoted base interest rate than a conventional fixed-rate, amortizing loan?
Which of the following loan-like financial instruments would you expect to have a substantially lower quoted base interest rate than a conventional fixed-rate, amortizing loan?
a. | an Islamic-type financial instrument, or add-on loan | |
b. | shared appreciation mortgage | |
c. | reverse annuity mortgage | |
d. | both a and b | |
e. | all of the above--a, b, and c |
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