Find weighted average coupon rate
If the mortgage pool has five 10% FRMs totaling amount $500,000, five 9% FRMs totaling amount $450,000 and ten 8% FRMs totaling amount $750,000, such that total value of pool is $1.7M, find weighted average coupon (WAC) rate (in percent)?
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Five 9% FRMs totaling amount $450,000 and ten 8% FRMs totaling amount $750,000, such that total value of pool is $1.7M, find weighted average coupon (WAC) rate (in percent)?
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