Question: A CMO has 3 tranches, A, B, and Z (an accrual tranche), as well as a residual class. An investor that wants to recover their
A CMO has 3 tranches, A, B, and Z (an accrual tranche), as well as a residual class. An investor that wants to recover their principal in the shortest time possible would be interested in investing in what tranche? A B Residual z ?
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