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51.2 Assume the prepayment option is worth $10,000 (10%) for the 30-year fully-amortizing mortgage loan with original balance of $100,000 and current coupon rate

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51.2 Assume the prepayment option is worth $10,000 (10%) for the 30-year fully-amortizing mortgage loan with original balance of $100,000 and current coupon rate of 6.0%. What is the current spread that compensates the lender for the prepayment option?

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