3. Mr. Blanda instructs Mr. Houston to calculate the weighted average coupon rate (WAC) for the mortgage

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3. Mr. Blanda instructs Mr. Houston to calculate the weighted average coupon rate (WAC) for the mortgage pools. Which of the following is closest to the WAC?

a. 7.28 percent

b. 7.78 percent

c. 8.01 percent

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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