Mathematics, 17.12.2020 23:50, trinigal83
Bank of America issues a MBS based on a mortgage pool with the following terms: the mortgage pool face value, $10,000,000; the mortgage interest rate, 5%; the mortgage maturity, 4 years. Suppose the MBS has only one class of security, i. e., this is the basic MBS discussed during the class. The MBS has a 4 year maturity. What is the price of this MBS if the market interest rate is 4.5%? Assume annual compounding is used and the annual prepayment rate is 10%. Also, assume prepayment is paid based on the beginning balance of the mortgage pool each year. Finally, there is a 0.25% servicing fee each year based on the beginning balance of the mortgage pool.
Answers: 1
Mathematics, 21.06.2019 22:30, patrickfryer240
When i'm with my factor 5, my prodect is 20 .when i'm with my addend 6' my sum is 10.what number am i
Answers: 1
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