Explain how the following CMOs are constructed and their features: a. Sequential-pay tranche b. Sequential-pay tranches with

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Explain how the following CMOs are constructed and their features:

a. Sequential-pay tranche

b. Sequential-pay tranches with an accrual bond tranche

c. Floating-rate and inverse floating-rate tranches

d. Notional IO tranche

e. PAC and support bonds

f. Sequential-pay PAC

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