What is meant by the average life of a pass-through?
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What is meant by the average life of a pass-through?
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The average life AL of a passthrough also known as the weighted average life WAL refers to the expected remaining time it will take for all the principal payments on the underlying mortgages bundled w...View the full answer
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Related Book For
Foundations Of Financial Markets And Institutions
ISBN: 9780136135319
4th Edition
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
Question Posted:
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