题目
Which of the following is most likely an advantage of collateralized mortgage obligations (CMOs)? CMOs can
选项
A.eliminate prepayment risk.
B.be created directly from a pool of mortgage loans.
C.meet the asset\/liability requirements of institutional investors.
答案
C
解析
： C is correct. Using CMOs, securities can be created to closely satisfy the asset/liability needs of institutional investors. The creation of a CMO cannot eliminate prepayment risk; it can only distribute the various forms of this risk among various classes of bondholders. The collateral of CMOs are mortgage-related products, not the mortgages themselves. ： 这道题问的是以下哪项最有可能是CMO的优点？ C是正确的。利用CMO可以满足机构投资者的资产/负债需求。 CMO的设立并不能消除提前还款风险,它只能将这种风险的各种形式分配给不同类别的债券持有人。A错误 CMOs的抵押品是与抵押贷款相关的产品，而不是抵押贷款本身。B错误