What is the purpose of the accrual tranche? Could a CMO exist without a Z class? What

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What is the purpose of the accrual tranche? Could a CMO exist without a Z class? What would be the difference between the CMO with and without the accrual class.AppendixLO1

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Real Estate Finance And Investments

ISBN: 9780073524719

13th Edition

Authors: William Brueggeman, Jeffrey Fisher

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