Suppose interest rates on residential mortgages of equal, Financial Management

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Suppose interest rates on residential mortgages of equal

Suppose interest rates on residential mortgages of equal risk are 5.5% in California and 7.0% in New York. Could this differential persist and would those differentials in borrowing costs for businesses of equal risk located in California and New York be more or less likely to exist than differentials in residential mortgage rates?

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Financial Management: Suppose interest rates on residential mortgages of equal

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