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What is a b-piece buyer how can these investors influence

Question: What is a B-piece buyer? How can these investors influence the composition of the mortgage loan pool underlying a CMBS issue? Could CMBS exist without B-piece buyers? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: What is a b-piece buyer how can these investors influence

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