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Suppose that the collateral for an asset-backed securities structure has a gross weighted average coupon of 8.6%. The servicing fee is 50 basis points: The

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Suppose that the collateral for an asset-backed securities structure has a gross weighted average coupon of 8.6%. The servicing fee is 50 basis points: The tranches issued have a weighted average coupon rate of 7.1% How much is the excess spread (in basis points)? - 00

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