Series 7 Exam Question 30: Answer and Explanation
Question: 30
Which of the following CMO tranches is the most common?
- A. PAC
- B. TAC
- C. PO
- D. Z
Correct Answer: A
Explanation:
A. PAC (Planned Amortization Class) tranches are the most common because they have the most certain prepayment date.
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