onsider the following pool of mortgages: •100 mortgages each with initial balance of $182449, interest rate 3.3%, issued for 30 years with monthly payments •80 mortgages each with initial balance of $114129, interest rate 3.2%, issued for 15 years with monthly payments What is the Weighted Average Maturity for this pool at origination? Express your answer in months rounded to 2 decimal points
onsider the following pool of mortgages: •100 mortgages each with initial balance of $182449, interest rate 3.3%, issued for 30 years with monthly payments •80 mortgages each with initial balance of $114129, interest rate 3.2%, issued for 15 years with monthly payments What is the Weighted Average Maturity for this pool at origination? Express your answer in months rounded to 2 decimal points
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Consider the following pool of mortgages:
•100 mortgages each with initial balance of $182449, interest rate 3.3%, issued for 30 years with monthly payments
•80 mortgages each with initial balance of $114129, interest rate 3.2%, issued for 15 years with monthly payments
What is the Weighted Average Maturity for this pool at origination? Express your answer in months rounded to 2 decimal points
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