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Basic Question 4 of 15
Coupon payments for a $45,000 par value, 9% coupon rate, monthly-pay, mortgage-backed security are ______.
B. $1,012.50
C. $4,050
A. $337.50
B. $1,012.50
C. $4,050
User Contributed Comments 4
| User | Comment |
|---|---|
| woori | calculate monthly payment |
| popolistic | Annual Payment = (0.09*$45,000) = $4,050 Monthly Payment = $4,050 / 12months =$337.50 |
| Luminos | To calculate the monthly interest payment .09/12 =.0075. .0075*45,000 = 337.50 |
| 2014 | Coupon payments to MBS & ASB are monthly |
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Learning Outcome Statements
describe the features of a fixed-income security
CFA® 2024 Level I Curriculum, Volume 4, Module 1.