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Question 3 7 ( Mandatory ) ( 1 point ) Saved You bought ( you are long ) an Interest Only ( IO ) CMO.

Question 37(Mandatory)(1 point)
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You bought (you are long) an Interest Only (IO) CMO. When interest rates fall and prepayments rise your 10 CMO in value.
decreases
increases
10CMOs are not affected by prepayment
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