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Basic Question 2 of 2
Which statement regarding covered bond is TRUE? A. A covered bond is typically issued by a SPE.
B. It has a multiple tranche structure.
C. Its covered pool is made up of mortgages and public sector loans.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe characteristics and risks of covered bonds and how they differ from other asset-backed securities
CFA® 2025 Level I Curriculum, Volume 4, Module 18.