Answer the questions below

S. Which one of the following statements about commercial paper is not true? Commercial paper issued in the United States a. b. is an unsecured short-term promissory note has a maximum maturity of 270-days is virtually always rated by at least one ratings agency d. has no secondary market carries an interest rate above the prime rate e. 6. The process of packaging and/or selling mortgages that are then used to back publicly traded debt securities is called a. collateralization b. securitization c market capitalization d. stock diversification e. mortgage globalization on a 15-year fixed-rate mortgage than on a 30-year is paid on a 15-year mortgage than on a 30-year 7. Mortgage payments are fixed-rate mortgage, and mortgage a. lower; less interest b. lower; less principal c. higher; less interest d. higher; more principal e. higher; more interest 8. With a fixed-rate mortgage, theb thebears the interest rate risk. bears the interest rate risk and with an ARM a. borrower; lender b. borrower; borrower c. lender; lender d. lender; borrower e. federal government; borrower . Which of the following is true? a. forward contracts have no default risk b. futures contracts require an initial margin requirement be paid c. forward contracts are marked to market daily d. forward contract buyers and sellers do not know who the counterparty is e. futures contracts are only traded over the counter