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A mortgage pool consists of the following: $200,000 of 30-year 7% fixed rate mortgages; $500,000 of 29-year 6.5% fixed rate mortgages; $300,000 of 28-year 6%

A mortgage pool consists of the following: $200,000 of 30-year 7% fixed rate mortgages; $500,000 of 29-year 6.5% fixed rate mortgages; $300,000 of 28-year 6% fixed rate mortgages. What is the weighted average coupon of the mortgage pool? A. 6% B. 6.45% C. 7& D. 5.45% E. none. of the above

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