1. Pre-payment penalties are a lesser concern to a homeowner than to an investor because _____. (a) the timing of a put by the borrower is inconsequential as long as the principal is paid as agreed (b) the investor is happy to reinvest payments in so-called high-yield instruments (c) the investor can always use excess funds to make more mortgage loans (d) state statutes often permit homeowners to pre-pay mortgage loans without penalty (e) both (c) and (d) (f) all of the above