How much principal and interest would the bank receive

Reference no: EM13222648

1. If your bank held 3% of the units issued by a unit trust and the mortgages in the trust repaid $15,000,000 in interest and $2,300,000 in principal in its first year, how much principal and interest would your bank receive that year?

2. Given the economic role of the money market, concisely explain the importance of the typical characteristics of money market securities

Reference no: EM13222648

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