Why would a pass-through with a wam 350 months be an


Question: What is the average life of a pass-through, and what does it depend on?

a. What are contraction risk and extension risk?

b. Why would a pass-through with a WAM 350 months be an unattractive investment for a savings and loan association?

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Risk Management: Why would a pass-through with a wam 350 months be an
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