RobertA

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

RobertA

Seriously, it's already more than a week and you guys still remember the question? Astounding.