Unit 12 Other Securities Products Flashcards by Coles Romaine | Brainscape

Q

CMO tranche with lowest level of rick

A

PAC tranche

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Q

Agency CMOs have a _______ credit quality and a ______ yield than Private Label CMO.

A

Higher
Lower

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Q

Volatility-linked ETPs

A

short-term trading
complex
expensive
for sophisticated, aggressive investors

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