QUESTIONS 97 THROUGH 108 RELATE TO FIXED INCOME INVESTMENTS

99. - MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
99. For a collateralized mortgage obligation (CMO), the first tranche of bonds most likely has the: A. highest level of prepayment risk and interest rate risk. B. lowest level of prepayment risk and highest level of interest rate risk. C. highest level of prepayment risk and lowest level of interest rate risk.