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Basic Question 7 of 10
In a basic sequential pay structure, ______
B. each bond class receives periodic interest. However, all principal received is paid first to one bond class until it is fully paid off, and further principal received will go to the next bond class.
C. all principal and interest received is paid first to one bond class until it is fully paid off, and the principal plus interest received will go to the next bond class.
A. each bond class receives periodic interest and principal payments.
B. each bond class receives periodic interest. However, all principal received is paid first to one bond class until it is fully paid off, and further principal received will go to the next bond class.
C. all principal and interest received is paid first to one bond class until it is fully paid off, and the principal plus interest received will go to the next bond class.
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Learning Outcome Statements
describe securitization, including the parties and the roles they play
CFA® 2024 Level I Curriculum, Volume 4, Module 17.