What is the weighted-average life (WAL) of a mortgage pool supporting pass-through securities? How does WAL differ

Question:

What is the weighted-average life (WAL) of a mortgage pool supporting pass-through securities? How does WAL differ from duration?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Institutions Management A Risk Management Approach

ISBN: 978-0071051590

8th edition

Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders

Question Posted: