Question
A mortgage pass-through security is comprised of the following pool of mortgages. Find the weighted average coupon, weighted average maturity, stated maturity, and stated
A mortgage pass-through security is comprised of the following pool of mortgages. Find the weighted average coupon, weighted average maturity, stated maturity, and stated coupon rate. There is a 0.5% servicing fee. $150,000 in 7% mortgages with 27 years remaining $250,000 in 7.5% mortgages with 28 years remaining $300,000 in 8% mortgages with 29 years remaining $300,000 in 7.5% mortgages with 30 years remaining
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
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