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Suppose a PAC bond is created using prepayment speeds of 90PSA and 240PSA and the average life is 5 years. Will the average life for

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Suppose a PAC bond is created using prepayment speeds of 90PSA and 240PSA and the average life is 5 years. Will the average life for this PAC tranche be shorter than, longer than, or equal to 5 years if the collateral pays at 140 PSA over its life? Explain your

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