CMOs are sold and priced based upon which of the following:
A)expected average life
B)stated maturity
C)current yield
D)par value

Name: CMOs are sold and priced based upon which of the following: A)expected average life B)stated maturity C)current yield D)par value
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Question

Quizplus · Accepted Answer

expected average life. The average life of a CMO is the length of time that each dollar of invested principal is expected to remain outstanding. Pricing of CMOs is based upon this factor.

CMOs Are Sold and Priced Based Upon Which of the Following