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Under a Normal Upward Sloping Yield Curve Scenario,fifteen Year Fixed-Rate

Question 23

Multiple Choice

Under a normal upward sloping yield curve scenario,fifteen year fixed-rate mortgages should be priced _________ thirty-year fixed-rate mortgages.


A) equal to
B) less than
C) greater than
D) there is no relationship to the yield curve

Correct Answer:

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