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One of the fixed income positions in your portfolio is priced at 1 0 3 . 5 0 . Its convexity is given as -

One of the fixed income positions in your portfolio is priced at

103.50 .

Its convexity is given as

- 900 .

Based on this information, it is

most likely:

Select one

.

A callable bond

.

A putable bond

.

A mortgage passthrough

.

Either a callable bond or a mortgage passthrough

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