Consider a MPT created from the above pool of loans. If these loans are all fully amortizing FRMs, what is the WAC? Assume the loans are not seasoned before they are securitized. Do not round your answer until the end; then round your answer to 2 decimal places. (For example, if the WAC was seven and a half percent, enter 7.50)

Maturity 360 Number of Loans 50 100 50 Principal $200,000.00 $250,000.00 $300,000.00 Mortgage Rate 5.00% 4.00% 4.25% 180 360