(a) What is meant by an amortizing security? (b) Why is the maturity of an amortizing security...
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(b) Why is the maturity of an amortizing security not a useful measure? Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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a An amortizing security is a class of debt security in which a portion of the underlying principal ...View the full answer
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Muhammad Haroon
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