An aunt's $50,000 buys the house. A 7.5% mortgage buys the interest - and the homebuilder stock is priced for it.
Opinion
One $2,100 student card balance, two ledgers: the borrower's 25% interest is the issuer's revenue
Cornett's framing that students are "largely paying on time" is the part worth reading twice. It means these balances are being serviced - but a balance that revolves instead of being paid off is a ...
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