So-called subprime mortgages were typically
A) not held by the originating bank,but instead were resold for packaging into mortgage-backed securities.
B) aggregated and then sliced into tranches each representing a different risk class: AAA,AA-BB,or unrated.
C) not held by the originating bank,but instead were resold for packaging into mortgage-backed securities.Additionally,they were aggregated and then sliced into tranches each representing a different risk class: AAA,AA-BB,or unrated.
D) all of the options
Correct Answer:
Verified
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