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Which of these statements about securitization tranches is not true? Tranches allocate different levels of risk and return to different groups of investors Tranches reduce

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Which of these statements about securitization tranches is not true? Tranches allocate different levels of risk and return to different groups of investors Tranches reduce the default risk of the original bonds that underly the asset-backed security Tranches typically generate additional revenue for the securitizer Tranches can expand the potential market for investors in the asset-backed security by better matching the financial instruments with the risk preferences of the investors

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