Explain briefly how the following CMOs are constructed and their features: a.Sequential-pay tranche b.Sequential-pay tranches with an
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Question:
Explain briefly how the following CMOs are constructed and their features:
a.Sequential-pay tranche
b.Sequential-pay tranches with an accrual bond tranche
c.Floating-rate and inverse floating-rate tranches
d.Notional IO tranche
e.PAC and support bonds
f.Sequential-pay PAC
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