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
Related questions
Question
Transcribed Image Text:You Answered
orrect Answer
An MBS has the following characteristics for the current month:
Beginning principal
outstanding (Millions)
WAC (96 APR)
Pass through rate (% APR)
SMM (single monthly mortality)
(9)
Expected total mortgage
payment (Millions)
746
2.09 margin of error +/- 1%
5.97
5,5
0,193
5,8
What is the scheduled principal repayment this month?
Enter answer in millions.
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