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What was developed in the early 1980s to offset some of the problems with traditional mortgage pass-throughs? a. Variable rate mortgages. b. Collateralized mortgage obligations

What was developed in the early 1980s to offset some of the problems with traditional mortgage pass-throughs? a. Variable rate mortgages. b. Collateralized mortgage obligations (CMOs) c. Leveraged buyouts (LBOs) d. Deep discount bonds (DDBs) e. High yield bonds.

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