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    Exam 27: Securitization
  5. Question
    The Ability to Refinance a Mortgage with No Prepayment Penalty
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The Ability to Refinance a Mortgage with No Prepayment Penalty

Question 2

Question 2

True/False

The ability to refinance a mortgage with no prepayment penalty gives the borrower a long-term put option on interest rates.

Correct Answer:

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