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Ned Jameson. CFA, is considering the purchase of a newly issued asset-backed security (ABS) for his fixed income portfolio. According to the broker/dealer offering the bond, the OAS for the issue is 75 basis points (bps). Based on the OAS value, which of the following assumptions can Jameson make about this particular ABS?
A. The OAS represents the investor's compensation for credit risk, liquidity risk, and option risk.
B. The bond is trading at a yield that is more than 75 bps higher than a Treasury security with a comparable maturity.
C. The implied cost of an option embedded in the security is always equal to the difference between the OAS and the Treasury spread.
Answer: B
NEW QUESTION: 2
Which of the following DB2 objects in an efficient way of representing data without the need to maintain it and requires no permanent storage?
A. Schema
B. Table
C. View
D. Alias
Answer: C
Explanation:
Explanation/Reference:
Reference: https://www.ibm.com/support/knowledgecenter/SSEPGG_10.5.0/
com.ibm.db2.luw.admin.dbobj.doc/doc/c0004106.html
NEW QUESTION: 3
Which graph displays the most information within a single view?
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