Suppose a homeowner is reluctant to refinance until he is reasonably sure that interest rates are not going to fall appreciably from where they currently are. in this case, thehomeowner appears to be concerned about which of the following costs associated with refinancing?
a. opportunity costb. tax consequencesc. default riskd. upfront fees
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Suppose a homeowner is reluctant to refinance until he is reasonably sure that interest rates are no...
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