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You can buy a mortgage from a mortgage broker. Mortgage payments are $30,000 per year and there are 16 years to maturity. The broker is
You can buy a mortgage from a mortgage broker. Mortgage payments are $30,000 per year and there are 16 years to maturity. The broker is asking $325,000 for the note. You already hold similar mortgages and they yield 12%. Should you buy this note?
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