Which of the following statements concerning mortgage backed securities are correct?
I. They are secured by a pool of residential mortgages.
II. A portion of the income stream is a non-taxable return of capital.
III. They are backed by the full faith and credit of the U.S. government.
IV. Their maturity depends on prepayments of the mortgages in the pool.
A) I and III only
B) I and IV only
C) II, III and IV only
D) I, II and IV only
Answer: D
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Ken, a brand manager at Media Labs LLC., is formulating a strategic plan for his organization. He has identified the organizational mission and formulated a SWOT analysis of the business. Which of the following is most likely to be Ken's next step in the strategic planning process?
A) Evaluate and reassess strategy B) Implement strategy C) Establish goals and objectives D) Formulate supporting functional strategies