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Question
Which one of the following statements correctly relates to GNMA securities?A. The primary risk associated with GNMAs is default risk.
B. The minimal denomination of a GNMA when issued is $10,000.
C. GNMA mortgages are guaranteed solely by the FHA.
D. GNMAs were originally established as an agency within the Department of Veteran's Affairs.
E. If you buy a GNMA you are accepting the risk of prepayment.
Answer
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