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- 注册时间
- 2011-7-11
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- 2013-9-9
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3#
发表于 2011-7-11 17:28
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In simple terms, as I see it ---> Mortgage loan similar to coupon bond in that mortgagor receives monthly interest + principal repayments, as opposed to a bullet maturity. i.e. there is a regular cash inflow.
Similar to american call option from point of view of mortgagee (buyer of option as I see it), in that they have the right to repay the mortgage at any time. i.e. to call the debt in. |
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