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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 mortgages (and

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:

a. Tranche A has a shorter duration and less inflation/interest rate risk

b. Tranche B has a shorter duration and more inflation/interest rate risk

c. Tranche B has a longer duration and more inflation/interest rate risk

d. Tranche Z has more inflation/interest rate risk

e. Tranche Z has less inflation/interest rate risk

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