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Who owns a credit union? Explain.
The term Credit unions are owned by their members. While credit union members put money in their credit union, they are not exactly "depositing" the money. In place of, they are purchasing shares of the credit union. Generally, credit unions exist to pay interest on shares bought by, and collect interest on loans made to, the members.
The mortgage-backed securities dealt with till now are agency mortgage backed securities. There are other MBS which can be for any kind of real estate property.
What is the correlation between the efficient portfolio and the risk-free asset? Possible answers are +1, -1, 0, or cannot be calculated.
Calculate the expected rate of return and risk of return
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