Question
All else being equal when interest rates decline: investors in mortgage pass-through securities face extension risk. the increase in price of a mortgage-pass through security
All else being equal when interest rates decline: investors in mortgage pass-through securities face extension risk. the increase in price of a mortgage-pass through security is less than the increase in price of an otherwise identical bond with no prepayment option. investors in the mortgage-pass through securities face contraction risk.
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Crime And Punishment In The Future Internet
Authors: Sanja Milivojevic
1st Edition
036746800X, 978-0367468002
