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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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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

Learning Outcome Statements

explain features of private equity and its investment characteristics

CFA® 2025 Level I Curriculum, Volume 5, Module 3.