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Question
If a mortgage pass-through experiences smaller prepayments than expected early on in the life of the security, the result will be that pass-through holders will receive _______ than expected cash flows early on and _______ than expected cash flows later on.
A. greater; less
B. greater; greater
C. less; greater
D. less; less
E. less; no different
Answer
This answer is hidden. It contains 1 characters.
Related questions
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