True or False
1) In a mortgage backed security (MBS), the AA tranche receives payments before the AAA tranche.
2) CDS Credit Default Swaps are activated after a credit event for the reference entity.
3) You would use a long straddle option strategy if you expected the underlying security to either increase or decrease in value more than a small amount from its existing price.
4) I will love the Geometric Brownian Motion equation above all other equations, forever.