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Question
Which one of the following is most apt to create an environment that increases mortgage prepayments?A. home mortgage rates remain relatively steady
B. home mortgage rates decline significantly
C. number of homeowner's defaulting on their mortgages rises
D. homeowner's have steady, secure employment at their current jobs
E. number of employees being transferred for employment purposes declines
Answer
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Which one of the following statements regarding an original issue $25,000 GNMA bond is correct?
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