Describe the process of interest-only and principal-only strips are created?
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Describe the process of interest-only and principal-only strips are created?
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Interestonly IO and principalonly PO strips are created through a process called stripping or tranching in the mortgagebacked securities MBS market This process involves separating the cash flows of a ...View the full answer
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Related Book For 
Introduction To Fixed Income Analytics
ISBN: 9780470572139
2nd Edition
Authors: Steven V. Mann, Frank J. Fabozzi
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