Which of the following statements about debt secur
Which of the following statements about debt securities is most likely correct?
A. Insured bonds are bonds collateralized by an escrow of securities guaranteed by the U.S. government.
B. Tax backed municipal bonds are supported through revenues generated from projects that are funded in whole or in part with the proceeds of the original bond issue.
C. Creating CMOs does not reduce the overall prepayment risk of a mortgage passthrough security.
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2024-11-14 17:07:59
Ans:C;
C is correct because creating a CMO can redistribute the prepayment risk among the tranches, but it does not alter the overall prepayment risk of a mortgage passthrough security.
A is not correct. Prefunded municipal bonds are bonds collateralized by an escrow of securities guaranteed by the U.S. government.
B is not correct. Revenue bonds are supported through revenues generated from projects that are funded in whole or in part with the proceeds of the original bond issue.
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