If your bank held 1 of the units issued by a unit trust


If your bank held 1 % of the units issued by a unit trust and the mortgages in the trust repaid $10,500,000 in interest and $1,500,000 in principal in its first year, how much principal and interest would your bank receive that year?

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Econometrics: If your bank held 1 of the units issued by a unit trust
Reference No:- TGS0580166

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