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A portfolio of collateralized mortgage bonds with 30-year maturities is being securitized. Explain how the structure of the cash flow of principal and interest payments

A portfolio of collateralized mortgage bonds with 30-year maturities is being securitized. Explain how the structure of the cash flow of principal and interest payments on this portfolio of 30-year loans can be structured to provide tranches with different maturities such as short-term, medium-term and long-term.

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