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a) A mortgage pool consists of the following: $500,000 of 30-year 7% Fixed Rate Mortgages $200,000 of 29-year 6.5% Fixed Rate Mortgages $300,000 of 28-year
a) A mortgage pool consists of the following: $500,000 of 30-year 7% Fixed Rate Mortgages $200,000 of 29-year 6.5% Fixed Rate Mortgages $300,000 of 28-year 6% Fixed Rate Mortgages What is the weighted average maturity(WAM) and weighted average coupon (WAC) of the mortgage pool?
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