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Which is not a major risk for non-agency RMBS? A. Defaults B. Turnover C. Refinance D. None of the above Which of the following had an impact on the credit crisis: A. over-leverage B. temporary break down of market C. proliferation of credit default swaps D. Bernie Madoff pricing for fixed income instruments E. All of the above Which of the following statements is true: A. Bull Market - price up/rates up - accelerates payoffs. B. Bear Market - price up/rates down - decelerates payoffs. C. Bull Market - price up/rates down - accelerates payoffs. D. Bear Market - price down/rates up - accelerates payoffs. Which is not a companion bond A. PAC B. Z-bond C. TAC D. Inverse Floater