Question
You have an IO tranche with a notional value of $90 million and a coupon rate of 75 basis points. You need to adjust the
You have an IO tranche with a notional value of $90 million and a coupon rate of 75 basis points. You need to adjust the coupon rate upwards to 6%. How much is the notional value of the IO tranche that replaces the existing notional value?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
