Which of the following is not an advantage of investing in mortgage-backed bonds (MBBs) compared to investing in direct mortgages?
A) MBBs are issued in standard denominations.
B) MBBs are issued by individuals with limited credit experience.
C) MBBs are usually insured and highly collateralized.
D) MBBs have cash flow returns similar to corporate bonds.
Correct Answer:
Verified
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