Which one of the following statements correctly relates to GNMA securities?
A) The primary risk associated with GNMAs is default risk.
B) The minimal denomination of a GNMA when issued is $10,000.
C) GNMA mortgages are guaranteed solely by the FHA.
D) GNMAs were originally established as an agency within the Department of Veteran's Affairs.
E) If you buy a GNMA you are accepting the risk of prepayment.
Correct Answer:
Verified
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