The tranche of a collateralized mortgage obligation that is most suitable for an investor who expects a

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The tranche of a collateralized mortgage obligation that is most suitable for an investor who expects a fall in interest rates is:

A. A fixed-rate tranche.

B. An inverse floating-rate tranche.

C. A PAC tranche.

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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