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Comment on the following statement a borrower would be

Question: Comment on the following statement: A borrower would be crazy to take out a long-term CPM (or FRM) during a period characterized by a steep yield curve. The large spread between FRM and ARM rates means that an ARM is a much better deal. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Comment on the following statement a borrower would be

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