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Answer the following questions: Briefly discuss at least two types of risks that investors of Commercial Mortgage Backed Securities (CMBS) bonds encounter. (15 points) How

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Answer the following questions: Briefly discuss at least two types of risks that investors of Commercial Mortgage Backed Securities (CMBS) bonds encounter. (15 points) How does a CMBS structured with multiple tranches mitigates the risks mentioned above from the perspective of investors? (10 points)

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