Difference between mortgage bond and a debenture
Explain the difference between mortgage bond and a debenture?
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The mortgage bonds are secured bond but the debentures are unsecured bond.
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Presently, the spot exchange rate is $1.50/£ and the three-month forward exchange rate is $1.52/£. The interest rate of three month is equal to 8.0% per annum in the U.S. & 5.8% per annum in the U.K. One can borrow as much as $1,500,000 o
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