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Suppose that four college students check their FICO scores and discover the information listed below. Describe how

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Suppose that four college students check their FICO scores and discover the information listed below. Describe how lenders might price loans to the borrowers with lower scores versus the borrowers with higher scores in terms of rates and fees charged.
Score
Vanessa 790
Martin 550
Jorge 685
Heather 505
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The data in Exhibit 1512 indicate that over half of all FICO scores are over 700 and that delin...View the full answer


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