What is a collateralized mortgage obligation (CMO)? How is it similar to a pass-through security? How does

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What is a collateralized mortgage obligation (CMO)? How is it similar to a pass-through security? How does it differ? In what way does the creation of a CMO use market segmentation to redistribute prepayment risk?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:48 AM

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What is a collateralized mortgage obligation (CMO)? How is it similar to a pass-through security? How does

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A CMO is a series of passthrough securities that have ...View the full answer

Financial Markets and Institutions

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