Task: Property Constraint Reasoning (ontology: Business_Finance/Financial_Industry_Business_Ontology)

The property 'cashflow precedence' applies to instances of 'tranched m b s instrument', and 'non agency z tranche' is a subclass of 'tranched m b s instrument'. Which class can appear as the value of 'cashflow precedence' for instances of 'non agency z tranche'?

A. tranched m b s instrument
B. collateralized debt obligation
C. a b s c d o instrument
D. asset-backed security

Answer: tranched m b s instrument