A Floater Is a CMO Tranche That Has a Variable

question 35

True/False

A floater is a CMO tranche that has a variable interest rate.

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Definitions:

Diversity Management

The strategic approach to recognizing, respecting, and leveraging differences within a workforce to improve business outcomes.

Race

Identifying biological factors such as skin, hair, or eye color.

Ethnicity

Sociological factors such as nationality, culture, language, and ancestry.

Skin Color

A characteristic of human physical appearance which ranges in variation from the darkest brown to the lightest hues, determined by the amount of melanin in the skin.