Compared with the weighted average coupon rate of its underlying pool of mortgages, the pass-through rate on

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Compared with the weighted average coupon rate of its underlying pool of mortgages, the pass-through rate on a mortgage pass-through security is:

A. Lower.

B. The same.

C. Higher.

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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