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Which one of the following statements is True? a. The loan amount of a mortgage is the present value of an annuity. b. If the

Which one of the following statements is True? a. The loan amount of a mortgage is the present value of an annuity. b. If the value of a security is greater than its price, then the security should be sold at the price. c. All other things being the same the continuous rate of return is greater than the equivalent effective rate of return. d. The algebraic value of long q shares of stock is written qX. e. The forward price of a security is the amount that the seller of the forward pays the buyer of the forward at expiration.

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