SIE Exam Practice Question 738
Question: 738
Which of the following is a type of debt security that repackages and directs the payments of principal and interest from a collateral pool to different types and maturities of securities?
Correct Answer: A
Explanation:
A CMO (collateralized mortgage obligation) is a type of debt security that repackages and directs the payments of principal and interest from a collateral pool to different types and maturities of securities.
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