Which of the following statements about mortgage pass-through securities is (are) correct? I. Pass-throughs offer better call
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Which of the following statements about mortgage pass-through securities is (are) correct?
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I. Pass-throughs offer better call protection than most corporates and Treasuries. II. Interest and principal payments are made on a monthly basis. III. It is common practice to use the weighted-average maturity on a pass-through in place of its duration. IV. Pass-throughs are relatively immune from reinvestment risk. a. I and III only b. c. d. II and III only II only IV only
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