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Exam Name: Pre-Sales Fundamentals
Vendor Name: F5
Exam Code: 202
No Of Questions 219

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NEW QUESTION: 1
CMOs are sold and priced based upon which of the following:
A. stated maturity
B. current yield
C. par value
D. expected average life
Answer: D
Explanation:
Explanation/Reference:
Explanation: expected average life. The average life of a CMO is the length of time that each dollar of invested principal is expected to remain outstanding. Pricing of CMOs is based upon this factor.


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