Question: Which statement is NOT TRUE about a Z tranche security? A Z tranche does not get any payment until all other tranches are paid off

Which statement is NOT TRUE about a Z tranche security?

A Z tranche does not get any payment until all other tranches are paid off

The interest on a Z tranche gets used for interest payments on more senior tranches

A Z tranche has a higher coupon rate than the more senior A-tranche

A Z tranche has a higher WAL than the more senior A-tranche

A Z tranche gets it's name from a Zero-coupon bond

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