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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 mortgages. The current

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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 mortgages. The current market rate for similar bonds is 3.5%, and prepayments currently equal $100 per month. At this rate the PT will be paid off in month 258. What is the price of the PT today? Multiple Choice $94,672.9425 $204,624.5184 $104,5873705 $187.379.1972

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