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Compare a CMO with A , B , Z to a CMO that has the same tranches but is backed by a larger pool of
Compare a CMO with A B Z to a CMO that has the same tranches but is backed by a larger pool of mortgages and therefore has a residual In a CMO with a residual:
choose all that apply
Tranche A has a shorter duration and less inflationinterest rate risk
Tranche B has a shorter duration and more inflationinterest rate risk
Tranche B has a longer duration and more inflationinterest rate risk
Tranche Z has more inflationinterest rate risk
Tranche Z has less inflationinterest rate risk
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