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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 21
Explain why it's possible for tranching to make investing in a mortgage-backed security more risky than investing in a single subprime loan.
Explanation
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Tranching:
Tranching refers to the divi...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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