Explain in general terms how a protected amortization class (or PAC) CMO works.

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Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Nov 15, 2018 07:33 AM

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Explain in general terms how a protected amortization class (or PAC) CMO works.

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With a protected amortization class PAC CMO payments are made to one group of investors accordin...View the full answer

Fundamentals of Investments, Valuation and Management

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