Question
What kind of risk is a PAC investor protected from when the mortgage pool's prepayment speed is between the upper and lower collar? Only Prepayment/Contraction
What kind of risk is a PAC investor protected from when the mortgage pool's prepayment speed is between the upper and lower collar?
Only Prepayment/Contraction Risk
Only Extension Risk
None of the Above
Prepayment/Contraction and Extension Risk
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
