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Basic Question 2 of 10
The senior-subordinate structure of a pass-through security is used to redistribute ______.
B. prepayment risk
C. both credit risk and prepayment risk
A. credit risk
B. prepayment risk
C. both credit risk and prepayment risk
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Learning Outcome Statements
describe securitization, including the parties and the roles they play
CFA® 2025 Level I Curriculum, Volume 4, Module 17.