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SELECTED ANSWER IS INCORRECT Which of the following is true about CMOs? CMO stands for commercial mortgage obligations. All classes in a CMO have fixed

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Which of the following is true about CMOs? CMO stands for commercial mortgage obligations. All classes in a CMO have fixed maturity. The lowest class Z in a CMO usually offers the lowest return to investors. All principle prepayments are passed-through to iovestors at the highest elass at the time

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