Give two reasons why a CMO tranche is a path-dependent cash flow security.

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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 07:41 AM

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Give two reasons why a CMO tranche is a path-dependent cash flow security.

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Pools of pass throughs are used as collateral for the creation of collateralized mortgage obli...View the full answer

Bond Markets Analysis and Strategies

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