Multiple Choice
A $25,000 face value GNMA pass-through quote sheet lists a spread to average life of 103,PSA of 220,and a price of 101-09. This means that
I. the pass-through yield is 103 basis points above the comparable maturity Treasury bond.
II. the pass-through is being prepaid more quickly than standard PSA.
III. the pass-through is priced at $25,272.50.
A) I,II,and III are correct.
B) I and II only
C) I and III only
D) II and III only
E) III only
Correct Answer:
Verified
Correct Answer:
Verified
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