You are getting a $100,000 mortgage and paying 2 points. What is the effective annual yield (in

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You are getting a $100,000 mortgage and paying 2 points. What is the effective annual yield (in percentage) if it has 5% interest (this includes the impact of the points) and is 30 years?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Posted Date: May 06, 2023 03:06 AM

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You are getting a $100,000 mortgage and paying 2 points. What is the effective annual yield (in

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First lets calculate the total amount paid in points 2 points 100000 2000 ... View the full answer

Bond Markets Analysis and Strategies

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