Question: When a Special Purpose Vehicle Structures its issued securities into tranches. Each tranche a. Represents a different type of asset in the mortgage pool. b.

When a Special Purpose Vehicle Structures its issued securities into tranches. Each tranche

a. Represents a different type of asset in the mortgage pool.

b. Has claims over only a specified part of the mortgage pool.

c. Will not be paid out until the tranche above it has been fully paid.

d. Has the same priority of claim over the entire mortgage pool.

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