sydneydavis57
sydneydavis57
15.04.2021 • 
Business

All of the following statements about targeted amortization class (TACs) CMOs are correct except A) they have transferred prepayment risk to companion tranches. B) in exchange for higher price risk, they generally offer a slightly higher interest rate. C) they are the most volatile of the tranches. D) they have high extension risk.

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