All of the following statements regarding Government National Mortgage Association (GNMA) pass-through securities are true EXCEPT:
A) the minimum initial investment is $25,000.
B) investors own an undivided interest in a pool of mortgages.
C) GNMAs are considered to be the riskiest of the agency issues.
D) investors receive a monthly check representing both interest and a return of principal.
Answer: C) GNMAs are considered to be the riskiest of the agency issues.