Question: 1. consider a par-priced 30 yr fully amortizing mortgage with a note rate of 4%. Amortize the mortgage assuming that the borrower does not curtail

1. consider a par-priced 30 yr fully amortizing mortgage with a note rate of 4%. Amortize the mortgage assuming that the borrower does not curtail the loan, nor default, and pays off the entire balance the end of yr 15. use the cash flows to the lender to compute the duration and convexity of this note.

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