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ABC Bank originates a pool of containing 100 15-year fixed-rate mortgages with loan amount of $100,000 each. All mortgages in the pool carry a rate
ABC Bank originates a pool of containing 100 15-year fixed-rate mortgages with loan amount of $100,000 each. All mortgages in the pool carry a rate of 6% with annual payments. Suppose that the ser...
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