Explain in general terms how a protected amortization class (or PAC) CMO works.
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Explain in general terms how a protected amortization class (or PAC) CMO works.
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With a protected amortization class PAC CMO payments are made to one group of investors accordin...View the full answer
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Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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