题目
Collateralized mortgage obligations (CMOs) are designed to:
选项
A.eliminate contraction risk in support tranches.
B.distribute prepayment risk to various tranches.
C.eliminate extension risk in planned amortization tranches.
答案
B
解析
： B is correct. CMOs are designed to redistribute cash flows of mortgage-related products to different bond classes or tranches through securitization. Although CMOs do not eliminate prepayment risk, they distribute prepayment risk among various classes of bondholders. ： B是正确的。CMOs旨在通过证券化将抵押贷款相关产品的现金流重新分配到不同的债券类别或层级。尽管CMOs并没有消除提前还款风险，但它们在不同类别的债券持有人之间分配提前还款风险。