Answer the below questions. (a) What is a PO security? What is an IO security? (b) How

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Answer the below questions.
(a) What is a PO security? What is an IO security?
(b) How is the price of an interest-only security expected to change when interest rates change?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:35 AM

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Answer the below questions. (a) What is a PO security? What is an IO security? (b) How

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a In early 1987 stripped MBS began to be issued where all the interest is allocated to one class the IO class and the entire principal to the other class the PO class The IO class receives no principa...View the full answer

Bond Markets Analysis and Strategies

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