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Consider an MPT that is backed by 50 mortgages with average balance of $300,000 and yearly payment. The MPT has a WAC 6% and WAM

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Consider an MPT that is backed by 50 mortgages with average balance of $300,000 and yearly payment. The MPT has a WAC 6% and WAM - 15 years There is no servicing fee on this security. Assuming there is no prepayment and market rate investor discount rate) is 5%, how much should this security sell for

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