In a commercial mortgage-backed security, why is balloon risk referred to as extension risk?
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In a commercial mortgage-backed security, why is balloon risk referred to as extension risk?
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In the context of commercial mortgagebacked securities CMBS balloon risk is often referred to as extension risk This terminology is used to describe t...View the full answer
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Related Book For
The Theory And Practice Of Investment Management
ISBN: 9780470929902
2nd Edition
Authors: Frank J Fabozzi, Harry M Markowitz
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