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CFAI MOCK PM Q16
Hey,
Can someone please help me with this:
"The manager is currently concerned about credit risk but states that, “Although I’m concerned because some non-agency issuers have more credit risk than Fannie Mae and Freddie Mac, credit enhancement can be used to achieve a credit rating equal to that of Fannie and Freddie securities.”
Don't ALL non-agency issues have more risk that Fannie Mae and Freddie Mac. FM have the implicit guaranty of the government so what am I missing here? |
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发表于 2011-7-13 16:17
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