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Basic Question 2 of 10
The senior-subordinate structure of a pass-through security is used to redistribute ______.
B. prepayment risk
C. both credit risk and prepayment risk
A. credit risk
B. prepayment risk
C. both credit risk and prepayment risk
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe securitization, including the parties and the roles they play
CFA® 2025 Level I Curriculum, Volume 4, Module 17.