CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

During the lockout period, ______ is (are) paid out to non-amortizing security holders.

I. scheduled principle repayments
II. principal prepayments
III. interest only
IV. nothing
Correct Answer: III

By the way, there is no "scheduled principle payments/prepayment" concept in non-amortizing securities.

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