Identify the Residual Class of a CMO That Gives the Owner

question 109

Multiple Choice

Identify the residual class of a CMO that gives the owner the right to any remaining collateral in the trust after all other bond classes have been retired plus any reinvestment income earned by the trust.

• A)Class A bonds.
• B)Class B bonds.
• C)Class C bonds.
• D)Class Z bonds.
• E)Class R bonds.

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