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Question
Which of the following is NOT true of an R class CMO issue?
A. It is treated as "garbage class."
B. It is a high-risk investment class.
C. It gives the investor the rights to the over-collateralization and reinvestment income on the cash flows in the CMO trust.
D. Returns increase when interest rates increase.
E. It has a positive duration.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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