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Provide an appropriate response.
-The following data represent the living situation of newlyweds in a large metropolitan area and their annual household income. What percent of people who own their own home make between and per year?
Senior Debt
The highest priority debt in the case of a borrower's bankruptcy, implying that it is the first to be repaid before any other debt claims.
Subordinated Debt
Loans or securities that rank below other loans or securities with regard to claims on assets or earnings, typically entailing higher risk and higher interest rates.
Yield
The income return on an investment, such as the interest or dividends received, expressed usually as a percentage of the investment's cost or current market value.
Restrictive Covenants
Clauses in contracts that impose limitations or conditions on the actions of parties, commonly found in lending agreements to protect the lender.
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