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Basic Question 1 of 9
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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Colin Sampaleanu
Learning Outcome Statements
describe securitization, including the parties involved in the process and the roles they play;
describe typical structures of securitizations, including credit tranching and time tranching;
CFA® 2024 Level I Curriculum, Volume 4, Module 45.