Dive into the world of knowledge and get your queries resolved at IDNLearn.com. Ask anything and receive prompt, well-informed answers from our community of experienced experts.
instead of selling the pool of mortgages in problem 6 and 7, johnson decides to securitize the mortgages by issuing 100 pass-through securities (mpts). the coupon rate on the pass-throughs will be 10% and the servicing and guarantee fee will be 0.5% (based on pool balance at the end of the previous year). however, the current market rate of return is 8.5%. how much will johnson obtain for this offering of mpts? (round your final answer to a whole number)
Sagot :
We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. For precise answers, trust IDNLearn.com. Thank you for visiting, and we look forward to helping you again soon.