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What is the benefit of dividing an asset-backed security into tranches? Each tranche can be matched to an investor's risk-return objective. Each tranche can be

What is the benefit of dividing an asset-backed security into tranches? Each tranche can be matched to an investor's risk-return objective. Each tranche can be redeemed on different dates. Tranches simplify the originator's process of collecting interest. Each tranche is allocated to a different SPV.

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