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A Calamity Call,which Allows the Issuer to Recall All Securities

Question 33

Multiple Choice

A calamity call,which allows the issuer to recall all securities for a specified time,can be used in each of the following situations EXCEPT when:


A) Investors want to cash out their positions
B) Interest rates decline sharply
C) Prepayments decline sharply
D) Reinvestment rates are below what was promised to investors

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