a. What is the role of a lockout in a CMO structure? b. Explain why in a

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a. What is the role of a lockout in a CMO structure?

b. Explain why in a reverse PAC bond structure, the longest average life bond can turn out to be effectively a support bond if all the support bonds in the structure are paid off?

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Bond Markets Analysis And Strategies

ISBN: 9780130402660

4th Edition

Authors: Frank J. Fabozzi

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Question Posted: Jul 27, 2024 06:00 AM

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a. What is the role of a lockout in a CMO structure? b. Explain why in a

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Bond Markets Analysis And Strategies

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