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Basic Question 4 of 6
A borrower will MOST LIKELY exercise the prepayment option when ______
B. the general interest rate is falling.
C. the monthly income of the borrower is going up.
A. the value of the underlying property is going up.
B. the general interest rate is falling.
C. the monthly income of the borrower is going up.
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
describe fundamental features of residential mortgage loans that are securitized
CFA® 2025 Level I Curriculum, Volume 4, Module 19.