- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 19. Mortgage-Backed Security (MBS) Instrument and Market Features
- Subject 5. Commercial Mortgage-Backed Securities
CFA Practice Question
The support tranche of a CMBS structure is also called a ______.
II. residual tranche
III. equity tranche
I. first-loss piece
II. residual tranche
III. equity tranche
Correct Answer: I, II and III
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