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Which of the following is FALSE regarding mortgage-backed bonds (MBBs): (A) Their maturity is indefinite at issuance (B) They are usually underwritten by investment banking

Which of the following is FALSE regarding mortgage-backed bonds (MBBs):

(A) Their maturity is indefinite at issuance

(B) They are usually underwritten by investment banking companies

(C) They are issued with fixed coupon rates

(D) Their issuer retains ownership of mortgages

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