Question: 4. How are CMO (collateralized mortgage obligations) created. How does a CMO alter the cashflow from mortgages so as to shift the prepayment risk across

 4. How are CMO (collateralized mortgage obligations) created. How does a

4. How are CMO (collateralized mortgage obligations) created. How does a CMO alter the cashflow from mortgages so as to shift the prepayment risk across various classes of bondholders

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