For some MBS and ABS, the cash flows are path-dependent. Explain this statement.

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The Theory And Practice Of Investment Management

ISBN: 9780470929902

2nd Edition

Authors: Frank J Fabozzi, Harry M Markowitz

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Question Posted: Dec 19, 2023 01:35 AM

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For some MBS and ABS, the cash flows are path-dependent. Explain this statement.

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In the context of MortgageBacked Securities MBS and AssetBacked Securities ABS the term pathdependent cash flows refers to the fact that the timing an...View the full answer

The Theory And Practice Of Investment Management

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