Question
Fill in the blanks. In a pool of identical fixed rate, fully amortizing loans, as the mortgages become more seasoned, the WAM ____________; the WAL
Fill in the blanks. In a pool of identical fixed rate, fully amortizing loans, as the mortgages become more seasoned, the WAM ____________; the WAL ____________; and the WAC ___________.
| Goes up; Goes up; Goes down | ||
| Goes up; Goes up; Stays the same | ||
| Stays the same; Stays the same; Stays the same | ||
| Goes down; Stays the same; Stays the same | ||
| Goes down; Goes down; Stays the same |
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Cost Benefit Analysis
Authors: Harry F. Campbell, Richard P.C. Brown
3rd Edition
1032320753, 9781032320755
