Question: A 7 0 - year old customer who is looking for current income has inquired about purchasing a GNMA pass - through certificate because he

A 70-year old customer who is looking for current income has inquired about purchasing a GNMA pass-through certificate because he has heard that it provides monthly payments. He wants to receive payments over a minimum 10-year investment time horizon. Which is the most important risk to discuss with this client?
A Extended maturity risk
B Default risk
Prepayment risk
Interest rate risk
A 7 0 - year old customer who is looking for

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