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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.
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A. increase, increase
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B. increase, decrease
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C. decrease, decrease
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D. both a and c
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