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please do it step by step please on excel - Imagine that you have $10,000,000 of notional principal from which floater and inverse floater securities

please do it step by step please on excel

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- Imagine that you have $10,000,000 of notional principal from which floater and inverse floater securities will be created. The underlying mortgages have a WAC of 5%. If the payment rule to the floater class is SOFR+0.60% and $6M is the principal balance allocated to the floater class, what is the maximum cap rate on the floater class

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