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Consider the following pool of mortgages: 100 mortgages each with initial balance of $291297, interest rate 2.2%, issued for 30 years with monthly payments
Consider the following pool of mortgages: 100 mortgages each with initial balance of $291297, interest rate 2.2%, issued for 30 years with monthly payments 80 mortgages each with initial balance of $278805, interest rate 4.8%, issued for 15 years with monthly payments What is the Weighted Average Coupon (WAC) for this pool at origination?
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SOLUTION To calculate the Weighted Average Coupon WAC for this pool of mortgages we need to find the total dollar amount of all the mortgages and the ...
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
