Question: Identify the correct statement. Question 46Select one: a. All variable rate mortgages are open. b. A fixed-rate mortgage specifies a fixed interest rate over the

Identify the correct statement. Question 46Select one: a. All variable rate mortgages are open. b. A fixed-rate mortgage specifies a fixed interest rate over the amortization period of the mortgage. c. When borrowers expect interest rates to rise, they will prefer a fixed-rate mortgage over a variable rate mortgage. d. Most financial institutions offer similar mortgage rates and will not negotiate the rate.ange of returns c. Standard deviation of returns

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