NO.PZ2023120801000149
问题如下：
Investors in commercial mortgage backed securities
(CMBS) face balloon risk which is most likely a type of:
选项：
A.extension risk.
contraction risk.
call risk.
解释：
Correct Answer: A
Balloon risk is
the risk that the borrower will not be able to arrange for refinancing or sell
the property to make the balloon payment typically associated with commercial
loans backing CMBS. As a result, the CMBS may extend in maturity implying that
balloon risk is a type of extension risk.
老师好，这题说的是对Investor的风险，指的是Borrower没钱做Balloon payment的话，会对Investor所要取得的收益造成延期，所以是extension risk？
