Question
In a three-class sequential pay CMO, if we consider Class B holders as having average prepayment risk, then Class C holders have _____________ prepayment risk
In a three-class sequential pay CMO, if we consider Class B holders as having average prepayment risk, then Class C holders have _____________ prepayment risk and Class A holders have _____________ prepayment risk.
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above average; below average
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below average; below average
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below average; above average
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above average; above average
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Quantitative Financial Risk Management
Authors: Constantin Zopounidis, Emilios Galariotis
1st Edition
1118738187, 978-1118738184
