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a. Stratify the mortgages below for a deal coupon of 3.5%. b. What is the face value of the WAC PO, and what is the

a. Stratify the mortgages below for a deal coupon of 3.5%. b. What is the face value of the WAC PO, and what is the deal face? c. What is the (initial) notional principal of the WAC IO, and what is its (initial) coupon rate?

Coupon %	Net Note Rate %	Cohort Bal ($mln)
3.685	3.4185	70
3.75	3.4816	120
3.875	3.613	130
4.00	3.761	60

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