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Basic Question 0 of 5

The initial PAC collar refers to the upper and lower limits of ______.

A. PAC tranche maturities
B. remaining cash flows of support classes
C. prepayment speed of the underlying mortgage pool
D. effective interest rates of the accrual tranche

User Contributed Comments 1

User Comment
danlan2 Principal payment schedule=C
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Your review questions and global ranking system were so helpful.
Lina

Lina

Learning Outcome Statements

describe a security market index

calculate and interpret the value, price return, and total return of an index

CFA® 2025 Level I Curriculum, Volume 3, Module 2.