Sản phẩm & Rủi roCâu 131 / 398
A collateralized mortgage obligation (CMO) is:
a.A single municipal bond backed by real estate taxes
b.A Treasury security that pays a fixed coupon
c.A share of common stock in a mortgage bank
d.A security backed by a pool of mortgages and divided into tranches with different maturities and risk levels
Giải thích
A CMO takes a pool of mortgages (or mortgage-backed securities) and redistributes the principal and interest into separate classes called tranches. Each tranche has a different expected maturity and exposure to prepayment risk, letting investors choose the cash-flow profile that fits their needs. CMOs are backed by mortgages, not by the direct full faith and credit of the U.S. government.
Luyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Fannie Mae (FNMA) is best described as a:
- Freddie Mac (FHLMC) primarily:
- Compared with U.S. Treasury securities, GSE agency securities such as FNMA debentures generally offer:
- In a CMO, the different tranches primarily allow investors to:
- Treasury STRIPS are best described as:
- U.S. Treasury bills (T-bills) are:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với FINRA Securities Industry Essentials (SIE) Exam · Quy trình kiểm tra