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Question 9 If the market rate is above the coupon rate for a tranche A CMO security rated AAA, which statement is true about the
Question 9 If the market rate is above the coupon rate for a tranche A CMO security rated AAA, which statement is true about the valuation of this security? A. The security will sell at par B. The security will sell above par (at a premium) C. The security will sell below par (at a discount) D. Noone would buy this security, it would be worthless E. Can not say for sure
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