Did every one get the correct answer? I think the support tranche has the highest prepayment risk... I missed out on this one.作者: shootingstar 时间: 2011-7-13 08:53
Support tranch has the highest, it was asking for the lowest though right?作者: johnnyBuz 时间: 2011-7-13 09:03
yes..the lowest was PAC...作者: sgupta0827 时间: 2011-7-13 09:12
Got another wrong. 作者: invic 时间: 2011-7-13 09:31
definately tranche b of the cmo作者: RobertA 时间: 2011-7-13 09:41
Pretty sure I said Tranche B I hope. So, if only 2 Tranches are given:
Tranche A-> Highest Prepayment Risk
Tranche B-> Lowest Prepayment Risk
Is that right?
I don't see PACs and Support tranches thoroughly described in the text, the CFAI text says we will learn much more about them in Level II 作者: btcapital 时间: 2011-7-13 09:50
I do not think they gave tranch 'a' and tranch 'b'...I think I am sure on that...otherwise I would have got this correct...
I think choice 'C' - was Support tranche.... and the other option was, amortizing tranche or something like that...
(I did not read that last paragraph in the book..hence I missed it :=( )作者: shootingstar 时间: 2011-7-13 10:00
it was asking for the lowest, and it had tranche b in the answer作者: disiz64 时间: 2011-7-13 10:09
I don't remember to have seen this question at all. However, I do remember a question of prepayment risk between a CMO, Passtrough securities and "I don't remember...".作者: RobertA 时间: 2011-7-13 10:19
Seriously, it's already more than a week and you guys still remember the question? Astounding.作者: chetan86 时间: 2011-7-13 10:29
ozzie123 Wrote:
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> Seriously, it's already more than a week and you
> guys still remember the question? Astounding.
I know, so much of the test is out of my memory right now.
I picked support tranche as a guess, as I only remembered the 'tranche A' and 'tranche B' context. Looks like it's wrong, so oh well.作者: Matori 时间: 2011-7-13 10:48
Doji Wrote:
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> I don't remember to have seen this question at
> all. However, I do remember a question of
> prepayment risk between a CMO, Passtrough
> securities and "I don't remember...".
I don't remember this one at all either!! Do they have different sets of questions for different people? I remember the Passthrough securities one.
