Question: Which of the following is wrong? In sequential structures: Class C holders have higher prepayment risk protection than class A holders. Class A holders have

Which of the following is wrong? In sequential structures:

  1. Class C holders have higher prepayment risk protection than class A holders.
  2. Class A holders have higher prepayment risk than class B holders.
  3. Class B holders have equal prepayment risk protection as class C holders.
  4. Class A holders have lower prepayment risk protection than class B holders and lower prepayment risk protection than class C holders.
  5. Class D holders have higher prepayment risk protection than class B holders.

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