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FINRA Series 7 Exam Prep

Category - Series 7

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CMOs are sold and priced based upon which of the following:

expected average life
stated maturity
current yield
par value

Explanation

Answer: A - expected average life. The average life of a CMO is the length of time that each dollar of invested principal is expected to remain outstanding. Pricing of CMOs is based upon this factor.

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FINRA Series 7 Exam Prep

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