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Cash flows from a special purpose vehicle created from mortgage securitisation in the U.S. are generally allocated to tranches. As a general model, these could
Cash flows from a special purpose vehicle created from mortgage securitisation in the U.S. are generally allocated to tranches. As a general model, these could be termed senior tranche, mezzanine tranche and ________ tranche.
Select one:
a.
lower
b.
junior
c.
sub-prime
d.
equity
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