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Which of the following is a property of an Interest Only (IO) strip in the domain of MBS? [A] is purchased at a substantial discount

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Which of the following is a property of an Interest Only (IO) strip in the domain of MBS? [A] is purchased at a substantial discount from par value. [B] The faster the prepayments, the higher the yield the imvestor will realize. [C] The 10 investor receives only interest on the amount of the principal outstanding. [D] Have priority over all other classes in the CMO issue in receiving principal payments from the underlying collateral

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