QUESTION 29 In a controlled amortization, how are principal payments made? in a decreasing fashion during the amortization period Single bullet payment In an increasing fashion during the amortization period Equal payments QUESTION 30 Which 10 year maturity fixed income security has the most favorable convexity characteristics for you as an investor? Option Free Bond Residential Mortgage Back Security Putable Bond Callable Bond QUESTION 31 Relative to the settlement date, when are full details of a TBA MBS provided? 3 days after 2 days before 3 days before 3 months before QUESTION 32 Which of the following is the best analogy when a corporation draws upon its line of credit with a bank? Credit card Leveraged loan First lien loan Commercial paper QUESTION 33