Referring to Exhibit 7, the tranche of CMO-03 that is most suitable for an investor concerned about

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Referring to Exhibit 7, the tranche of CMO-03 that is most suitable for an investor concerned about contraction risk is:

A. P-A (PAC).

B. P-D (PAC).

C. S (support).EXHIBIT 7 CMO-03: CMO Structure with Sequential PAC Tranches and One Support Tranche Tranche Par Amount (US$

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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