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NEW QUESTION: 1
Bubba want to buy a CMO. In general, how often should he expect to receive interest payments?
A. every week
B. at maturity
C. every year
D. every month
Answer: D
Explanation:
Explanation/Reference:
Explanation: every month. Collateralized Mortgage Obligations generally pay interest each month.
However, some CMOs pay interest quarterly or semiannually.

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