Question
We are choosing between two $375,000 mortgages. Mortgage A charges 4.85 interest and zero points, the monthly payment is $1974. Mortgage B charges 4.45% interest
We are choosing between two $375,000 mortgages. Mortgage A charges 4.85 interest and zero points, the monthly payment is $1974. Mortgage B charges 4.45% interest and 1.75 points, the monthly payment is $1895. Which should we take and why (show calculations)
-Why is the bond now selling above face value?
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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
