- CFA Exams
- CFA Level I Exam
- Study Session 14. Fixed Income (1)
- Reading 45. Introduction to Asset-Backed Securities
- Subject 5. Collateralized Mortgage Obligations
CFA Practice Question
If interest rates rise, prepayments will ______ and CMOs will ______.
A. slow down; extend
B. speed up; contract
C. speed up; extend
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