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Question
A CMO is structured with various bond classes referred to as:a. Serial bonds.
b. Tranches.
c. Class.
d. Series.
e. None of the above.
Answer
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Related questions
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Outside of the U.S. inflation-indexed bonds are known as:a. TIPS.b. HICPS.c. Indexers.d. Linkers.e. None of the above.
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An indirect quote is the:a. Number of units of foreign currency needed to acquire one unit of the local currency.b. Number of units of local currency needed to acquire one unit of the foreign currency.c. Reciprocal of a direct quote.d. a and c only.e. None of the above.
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In an interest rate swap, the position of the floating-rate payer is equivalent to a:a. Long position in a fixed-rate bond and a short position in a floating rate bond.b. Long position in a floating-rate bond and a short position in a fixed-rate bond.c. Long position in a fixed-rate bond and a long position in a floating rate bond.d. Short position in a fixed rate bond and a long position in a floating rate bond.e. None of the above.
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