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jdot jdot
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2 years ago
Which one of the following statements correctly describes the unique feature of GNMA pass-through securities?

▸ The interest income on a GNMA is exempt from state and federal tax.

▸ GNMAs consistently have lives of 25-30 years.

▸ GNMAs are backed by the full faith and credit of the issuing state.

▸ GNMAs pay income to holders on a monthly basis.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
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onidonid
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Correct Slight Smile TY
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