medium · FRM Part 1
A mortgage pool consists of two loans: Loan 1 has a balance of $300,000 at a 5.0% coupon, and Loan 2 has a balance of $100,000 at a 7.0% coupon.
What is the Weighted Average Coupon (WAC) of the pool?
- 5.5%
- 4.9%
- 5.2%
- 6.0%
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