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Card 6 / 10:
Imagine that you are in the position of buying loans in the secondary market (that is, buying the right to collect the payments on loans made by banks) for a bank or other financial services company. Explain why you would be willing to pay more or less for a given loan if:
The borrower has been late on a number of loan paymentsInterest rates in the economy as a whole have risen since the loan was madeThe borrower is a firm that has just declared a high level of profitsInterest rates in the economy as a whole have fallen since the loan was made
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