Question: not sure why an expert claimed this wasn't specific? this is the entire question. please just answer the question instead of claiming something false because

 not sure why an expert claimed this "wasn't specific"? this is
the entire question. please just answer the question instead of claiming something
false because you're too lazy. In order to sell the mortgage-backed securities
to the pension fund managers (who require low risk securities) and hedge
not sure why an expert claimed this "wasn't specific"? this is the entire question. please just answer the question instead of claiming something false because you're too lazy.

In order to sell the mortgage-backed securities to the pension fund managers (who require low risk securities) and hedge fund managers (who require high-yield securities), the investment bank decides it will need to turn the MBS5 into collateralized mortgage obligations that are segmented into three tranches. The first tranche investors get paid before the investors in the remaining two tranches, the second tranche investors get pad after the first tranche investors and before the third tranche investors, and the third tranche investors get paid after the investors in the other two tranches. The following tables outine the payment order, yields, and ratings of each of the tranches within three CMOs that the investment bank could create. Using the tables, answer the questions that follow. CMO 1 \begin{tabular}{cccc} Tranche & Payment Order & Yield & Rating \\ \hline 1 & First & 6% & BB \\ 2 & Second & 12% & CC \\ 3 & Third & 13% & DDD \\ \hline \end{tabular} CMO 2 \begin{tabular}{cccc} Tranche & Payment Order & Yield & Rating \\ \hline 1 & First & 2% & AAA \\ 2 & Second & 11% & BB \\ 3 & Third & 16% & CC \\ \hline \end{tabular} CMO 3 \begin{tabular}{cccc} Tranche & Payment Order & Yield & Rating \\ \hline 1 & First & 2% & A \\ 2 & Second & 6% & BB \\ 3 & Third & 7% & B \\ \hline \end{tabular} Which CMO would be most appealing to pension fund managers? CMO1 CMO2 CMO3 Which tranche in that CMO would be most appealing to pension fund manlagers? Tranche 1 Tranche 2 Tranche 3 Which CMO would be most appealing to hedge fund managers? CMO1 CMO2 CMO3 Which tranche in that CMO would be most appealing to hedge fund managers? Tranche 1 Tranche 2 Tranche 3 Which tranche in that CMO would be most appealing to hedge fund managers? Tranche 1 Tranche 2 Tranche 3 Based on your answers to the previous questions, which CMO should the investment manager create so that both chasses of investors will purchase the securities? CMO 1 CMO2. CMO.J

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