Monthly payments to investors in GNMA mortgage-backed bonds include which of the following cash flows?
I. mortgage interest
II. fixed principal payments
III. scheduled amortization of mortgage principal
IV. mortgage principal prepayments
A) II only
B) I and II only
C) I, III, and IV only
D) I, II, and III only
E) I, II, III, and IV
Correct Answer:
Verified
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