Hal Lindon has an equity investment in a pool of student loans that have been purchased by Sallie Mae.What type of investment is this?

Question

Quizplus · Accepted Answer

Participation certificates are a type of investment that allows investors to participate in a pool of loans or mortgages. In this case, Hal Lindon's equity investment in a pool of student loans purchased by Sallie Mae is an example of a participation certificate, as it represents a share in the ownership and earnings of the loan pool.

Hal Lindon Has an Equity Investment in a Pool of Student