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Which of the Following Is Not a Common Type of Mortgage

Question 23

Multiple Choice

Which of the following is not a common type of mortgage pass-through securities according to your text?


A) participation certificates (PCs)
B) collateralized mortgage obligations (CMOs)
C) balloon-payment mortgage
D) publicly issued pass-through securities (PIPs)
E) all of the above are common types of mortgage pass-through securities

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