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Chapter 12 4. In a discussion of the CMO market, the popular press sometimes refers to this sector of the mortgage-backed securities market as the

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Chapter 12 4. In a discussion of the CMO market, the popular press sometimes refers to this sector of the mortgage-backed securities market as the riskiest sector and the pass-through sector as the safest sector. Comment. 10. Explain the role of a support bond in a CMO structure

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