What is the weighted average coupon rate of mortgage pool

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Question - A mortgage pool consist of the following $200 000 of 30 year 7% fixed rate mortgages; $500 000 of 29 year 6.5% fixed rate mortgages; $300 000 of 28 year 6% fixed rate mortgages. What is the weighted average coupon rate of the mortgage pool?

Reference no: EM133081537

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