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argue the best you can whether a CDO made of central tranches ( all tranches except AAA or Z ) of a group of MBS

argue the best you can whether a CDO made of central tranches (all tranches except AAA or Z) of a group of MBSs can legitimately contain a AAA tranche that is comparable to those in the MBSs. Explain the economics of why you believe they did contain AAA rated tranches.

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