Calculate the value of (a) the mortgage pool and (b) the GNMA pass-through security in Problem 8

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Calculate the value of

(a) the mortgage pool and

(b) the GNMA pass-through security in Problem 8 if market inter- est rates increase 50 basis points. Assume no prepayments. (LG 24-4)

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Financial Markets And Institutions

ISBN: 9780078034664

5th Edition

Authors: Anthony Saunders, Marcia Cornett

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