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Collateralized mortgage obligations (CMO) is A. a kind of subprime mortgage B. an adjustable-rate mortgage C. the credit default swap to protect the buyer. D.

Collateralized mortgage obligations (CMO) is

A. a kind of subprime mortgage

B. an adjustable-rate mortgage

C. the credit default swap to protect the buyer.

D. the credit derivative of a mortgage security that has several tranches.

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