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Explain the Payment Pattern on a GNMA Pass-Through and a New

question 17

Essay

Explain the payment pattern on a GNMA pass-through and a new Class B CMO when interest rates fall. Which has more predictable payments,and why would an investor care?


Definitions:

Sub-Saharan Africa

A geographical area of the African continent that is situated south of the Sahara Desert.

Subsistence Agriculture

Farming practices aimed at producing only enough food to feed the farmer's family, with little to none left over for sale or trade.

Global Stratification

The differences in wealth, power, and prestige of different societies relative to their position in the international economy.

Economic Dependency

A situation where an individual, group, or nation relies on another for financial support or resources.

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