微信扫一扫
实时资讯全掌握
|
Which of the following best describes how planned amortization class (PAC) bonds are protected against prepayment risk to create products that provide better asset and liability matching for institutional investors? PAC bonds: A. have a fixed principal repayment schedule that must be satisfied as long as the support tranches exist. B. do not allow prepayment for certain types of mortgages. C. accrue the interest for one tranche and redistribute it to the support tranches. D. have several different companion tranches to which repayments are directed sequentially. |