以下是引用youzizhang在2009-3-23 16:57:00的发言：
LOS e: Explain why the average life of a mortgage-backed security is a more relevant measure than the security's maturity.
Q1. The stated maturity of a mortgage passthrough security is:
A) will always be longer than its true life.
B) unlikely to equal its true life.
C) will always be shorter than its true life.
Q2. The average life of a mortgage-backed security (MBS) is a more relevant measure than a security’s maturity. It represents the average time to receipt of:
A) expected prepayments.
B) both scheduled principal payments and expected prepayments.
C) scheduled principal payments.
Q3. Which of the following is a reason why the average life of a mortgage-backed security is a more relevant measure than the security's maturity? The average life:
A) takes interest rate risk into account.
B) takes the economic environment into account.
C) takes into account the assumed prepayment rate.
Q4. Which of the following is a reason why the stated maturity of a mortgage passthrough security is not as relevant as the average life measure? The security's maturity:
A) is not know to the investor beforehand.
B) does not take interest rate risk into account.
C) is not related to the remaining life of the underlying loans and the assumed prepayment rate.
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发表于 2009-5-16 05:19
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