Question

Which of the following loan types is likely to have the highest quoted interest rate? Ch12...

Which of the following loan types is likely to have the highest quoted interest rate? Ch12

a.

Conventional loan 30 year amortization

b.

Interest only floating rate senior loan

c.

Fixed rate second lien note

d.

Conventional loan 20 year amortization

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Answer #1

Fixed rate second lien note is likely to have the highest quoted interest rate because have a lower priority of repayment than loans

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