Monthly Payments to Investors in GNMA Mortgage-Backed Bonds Include Which

question 68

Multiple Choice

Monthly payments to investors in GNMA mortgage-backed bonds include which of the following cash flows?
I. mortgage interest
II. fixed principal payments
III. scheduled amortization of mortgage principal
IV. mortgage principal prepayments

• A)II only
• B)I and II only
• C)I, III, and IV only
• D)I, II, and III only
• E)I, II, III, and IV

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Definitions:

Gerontology

The study of aging and the problems that elderly individuals may encounter.

Gynecology

A branch of medicine that focuses on the health and diseases of the female reproductive system and the breasts.

Endocrinology

The branch of medicine that focuses on the structure, function, and disorders of the endocrine system, which produces hormones.

Gastroenterology

The branch of medicine focused on the digestive system and its disorders.