These Bonds Have Some Prepayment Protection and Expected Durations of Five

question 82

Multiple Choice

These bonds have some prepayment protection and expected durations of five to seven years depending on the level of interest rates and are primarily purchased by pension funds and life insurance companies.

• A)Class A bonds.
• B)Class R bonds.
• C)Class C bonds.
• D)Class Z bonds.
• E)Class B bonds.

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Definitions:

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