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CFA Question about CDO structure
What is the main benefit and the main drawback of increasing AAA issuance in a sequential pay structure? Thanks everyone.- jsun124
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- Replies: 1
- Forum: P2.T5. Market Risk (25%)
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Question about investment in CMBS
From a credit perspective, why would a small institutional investor prefer real estate investment exposure via direct mortgage origination over investment in CMBS?- jsun124
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- Replies: 0
- Forum: P2.T6. Credit Risk (25%)