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A(n) ________ in prepayment speed would ______ the effective duration of a mortgage-backed pass-through security. A. increase, increase B. increase, decrease C. decrease, decrease D.

A(n) ________ in prepayment speed would ______ the effective duration of a mortgage-backed pass-through security.

  • A. increase, increase

  • B. increase, decrease

  • C. decrease, decrease

  • D. both a and c

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