In a period of rising interest rates a fixed rate mortgage

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Reference no: EM131322265

1. In a period of rising interest rates, a fixed rate mortgage

a) Decreases in value

b) Increases in value

c) Is unchanged in value

d) Is likely to be prepaid

2. In a period of falling interest rates, a fixed rate mortgage

a) Decreases in value

b) Is likely to be prepaid

c) Is unchanged in value

d) None of the above

Reference no: EM131322265

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