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Which statement is NOT TRUE about a Z tranche security? A Z tranche does not get any payment until all other tranches are paid off
Which statement is NOT TRUE about a Z tranche security?
A Z tranche does not get any payment until all other tranches are paid off | ||
The interest on a Z tranche gets used for interest payments on more senior tranches
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A Z tranche has a higher coupon rate than the more senior A-tranche
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A Z tranche has a higher WAL than the more senior A-tranche
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A Z tranche gets it's name from a Zero-coupon bond |
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