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


A. PAC (Planned Amortization Class) tranches are the most common because they have the most certain prepayment date.

All content of site and practice tests © 2022 Jack.
Quick View

FINRA Practice Tests