Which of the following is most likely an advantage of collateralized mortgage obligations (CMOs)? CMOs can A.

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Which of the following is most likely an advantage of collateralized mortgage obligations (CMOs)? CMOs can

A. Eliminate prepayment risk.

B. Be created directly from a pool of mortgage loans.

C. Meet the asset/liability requirements of institutional investors.

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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