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Basic Question 1 of 6
The strongest forms of prepayment protection are ______.
II. defeasance
III. prepayment penalty points
IV. yield maintenance charges
I. prepayment lockout
II. defeasance
III. prepayment penalty points
IV. yield maintenance charges
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe the characteristics and risks of commercial mortgage-backed securities;
CFA® 2024 Level I Curriculum, Volume 4, Module 45.