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A mortgage pass through security (PT) has a par value of $100.000, a 4% coupon paid monthly, and is based on 30 year mortes The
A mortgage pass through security (PT) has a par value of $100.000, a 4% coupon paid monthly, and is based on 30 year mortes The current market rate for similar bonds is 3.5%, and prepayments Curt 500 per month Awam inimestele to 45% and prepayments drop to $40 as a result. The PT will now bepuis ont in month 310. What is the price of the PT towy? $1645873705 5154 2766544 596.3232214
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