Series 7 Exam Question 212: Answer and Explanation

Question: 212

CMOs are typically rated

  • A. AAA
  • B. AA
  • C. BBB
  • D. SP1

Correct Answer: A

Explanation:

A. CMOs are backed by home mortgages, which are considered to be very safe (although not as safe as in previous years), and, therefore, are generally rated AAA.

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