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You are able to purchase a mortgage note for $125,000 that gives you the right to receive $45,200 in each of the next 3 years.
You are able to purchase a mortgage note for $125,000 that gives you the right to receive $45,200 in each of the next 3 years. What is the yield on this investment?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
