Question: Why does a CMBS 3 year front pay AAA rated bond mature before the last cash flow 10 year AAA rated class? a. It gets

Why does a CMBS 3 year front pay AAA rated bond mature before the last cash flow 10 year AAA rated class?

a. It gets all principal from property sales

b. Any amortization or prepayments of principal from all mortgages are directed only to this class until it is entirely paid off

c. The front pay has only floating rate and 3 year maturing loans in it

d. Any amortization or prepayments of principal from all mortgages are directed pro rata to this class NEED ANSWER + EXPLANATION

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