Question: Problem 1 There is a mortgage pool containing 100 fixed-rate mortgages, and all these mortgages have the same size of $300,000, the same maturity of

Problem 1 There is a mortgage pool containing 100 fixed-rate mortgages,

Problem 1 There is a mortgage pool containing 100 fixed-rate mortgages, and all these mortgages have the same size of $300,000, the same maturity of 10 years. But their interest rates differ: 50 mortgages have an interest rate of 5.0%. 30 mortgages have an interest rate of 3.5%. 20 mortgages have an interest rate of 3%. 1. What is the Weighted Average Coupon Rate for this mortgage pool

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