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Question
A mortgage pass-through bond (MPTB) can be described by all of the following except:A. anMPTB can be viewed as a mortgage-backed bond with the pass-through of principal and prepayment features of a mortgage pass-through security.
B. most MPTBs are based on residential mortgage pools and are generally overcollateralized.
C. anMPTB represents an undivided equity ownership interest in a mortgage pool.
D. allof the above are true.
Answer
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