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If a mortgage pool consists of five 5% FRMs totaling $100,000, five 10% FRMs totaling $200,000, and ten 15% FRMs totaling $700,000, what is the

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If a mortgage pool consists of five 5% FRMs totaling $100,000, five 10% FRMs totaling $200,000, and ten 15% FRMs totaling $700,000, what is the weighted average coupon (WAC) rate? Multiple Choice 13% 015% 10% 8.5%

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