Which of the Following Is Not True Regarding Collateralized Mortgage

question 64

Multiple Choice

Which of the following is not true regarding collateralized mortgage obligations (CMOs) ?

• A)Interest earned on CMOs is exempt from state income taxes.
• B)CMO yields are generally higher than comparable Treasury yields.
• C)CMOs exhibit little default risk.
• D)All of the above are true.
• E)Only a.and c.are true.

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