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Basic Question 1 of 8
The initial PAC collar refers to the upper and lower limits of ______.
B. remaining cash flows of support classes
C. prepayment speed of the underlying mortgage pool
D. effective interest rates of the accrual tranche
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 |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
describe types and characteristics of residential mortgage-backed securities, including mortgage pass-through securities and collateralized mortgage obligations, and explain the cash flows and risks for each type
CFA® 2024 Level I Curriculum, Volume 4, Module 19.