In regard to a CMO, which of the following have the shortest average life with a minimum of prepayment protection?
A)Class A bonds.
B)Class B bonds.
C)Class C bonds.
D)Class Z bonds.
E)Class R bonds.

Question

Quizplus · Accepted Answer

Class A bonds in a CMO structure typically have the shortest average life and the least prepayment protection, as they are the first to receive principal payments.

In Regard to a CMO, Which of the Following Have