Assume that there are no prepaymentswhat is the first
The underlying GNMA 15-year mortgage pool has a principal amount of $50 million and an annual yield of 6 percent (paid monthly). Assume that there are no prepayments.?What is the first monthly payment on the Interest Only (IO) strip? ?Show work.
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the underlying gnma 15-year mortgage pool has a principal amount of 50 million and an annual yield of 6 percent paid
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