Question: 9. When negative amortization occurs with an Adjustable Rate Mortgage this indicates that: a. the loan is subject to caps b. the market rate is

9. When negative amortization occurs with an Adjustable Rate Mortgage this indicates that: a. the loan is subject to caps b. the market rate is above the indexed interest rate c, the interest due during a given month is higher than the monthly payment d. all of the above

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