Question
A simple mortgage pool consists of the following two mortgages; a $90,000 mortgage at 5% for 15yrs, and a $110,000 mortgage at 6% for 30
A simple mortgage pool consists of the following two mortgages; a $90,000 mortgage at 5% for 15yrs, and a $110,000 mortgage at 6% for 30 yrs. The WAC is _____ %, and the WAM is _____ yrs.
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
