A Mortgage Pass-Through Security ________

Multiple Choice

A mortgage pass-through security ________.

A) is a security created when one or more holders of mortgages form a collection (pool) of mortgages and sell shares or participation certificates in the pool.
B) is a security created when one or more holders of mortgages form a collection (pool) of mortgages where the pool consists of at least one hundred mortgages.
C) is considerably less liquid than an individual mortgage.
D) is an agency pass-through security if not issued by Ginnie Mae, Fannie Mae, or Freddie Mac.