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Which of the following mortgages has the largest interest rate risk? a. A fixed rate, fully amortizing, constant amortization mortgage (CAM) b. An adjustable rate

Which of the following mortgages has the largest interest rate risk?

a. A fixed rate, fully amortizing, constant amortization mortgage (CAM)

b. An adjustable rate mortgage (ARM) with annual interest rate revisions

c. A fixed rate, constant payment mortgage with a 30-year annual amortization schedule

d. A fixed rate, interest-only mortgage

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