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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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