微信扫一扫
实时资讯全掌握
|
Which of the following statements regarding collateralized mortgage obligations (CMOs) is least accurate: A. CMOs perfectly protect investors against contraction risk but do not protect against extension risk. B. The Z-tranche or accrual tranche does not receive current interest until the other tranches have been paid off. C. CMOs are securities issued against passthrough securities for which the cash flows have been reallocated to different bond classes called tranches. |