Question: True or False: Collateralized mortgage obligations (CMOs) with sequential-pay tranches are sold in classes (tranches) that increase the certainty of the timing of payments. [A]

 True or False: Collateralized mortgage obligations (CMOs) with sequential-pay tranches are

True or False: Collateralized mortgage obligations (CMOs) with sequential-pay tranches are sold in classes ("tranches") that increase the certainty of the timing of payments. [A] TRUE [B] FALSE

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