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When Homeowners Pay Off Mortgages When They Sell Their Homes

Question 5

Multiple Choice

When homeowners pay off mortgages when they sell their homes, or when homeowners refinance home mortgages, they effectively


A) Make the maturities of CMO securities longer.
B) Make the maturities of CMO securities shorter.
C) Make the maturities of Canadian Treasury securities longer.
D) Make the maturities of Canadian Treasury securities shorter.
E) None of the above.

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