3. This chapter discusses Interest-Only securities (IOs) in the context of PAC IOs. How do IOs work?
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3. This chapter discusses Interest-Only securities (IOs) in the context of PAC IOs.
How do IOs work? Contrast the economics of IOs with that of Principal-Only securities (POs).
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Related Book For 
Elements Of Structured Finance
ISBN: 9780195179989
1st Edition
Authors: Ann Rutledge, Sylvain Raynes
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