What is a mortgage participation certificate? What is the primary risk that such securities present to investors?

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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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Question Posted: Mar 16, 2016 02:58 AM

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What is a mortgage participation certificate? What is the primary risk that such securities present to investors?

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A mortgage participation certificate represents pro rata ownership of a pool of mortgages Th...View the full answer

Fundamentals of Investments

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