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The average life of a mortgage-backed passthrough certificate backed by a pool of 30-year fixed rate mortgages, assuming the PSA standard assumed prepayment speed (PSA

The average life of a mortgage-backed passthrough certificate backed by a pool of 30-year fixed rate mortgages, assuming the PSA standard assumed prepayment speed (PSA 100), is about A. 7 years B. 9 years c. 12 years D. 15 years E. 25 years

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