Mathematics, 21.02.2020 18:05 samvgesite

A municipal issuer has sold housing bonds to build subsidized housing, where the homeowners make the mortgage payments to the municipal authority. The homeowners begin to prepay their mortgages at a faster than expected rate. If this occurs, the issuer will retire outstanding bonds by making a(n):

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A municipal issuer has sold housing bonds to build subsidized housing, where the homeowners make the...