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Assume an MBS is composed of the following four different pools of mortgages:
$2 million of mortgages that have a maturity of 90 days.
$3 million of mortgages that have a maturity of 180 days.
$5 million of mortgages that have a maturity of 270 days.
$10 million of mortgages that have a maturity of 360 days.
What is the weighted average maturity (WAM) of these mortgage pools?
A
167 days
B
225 days
C
252 days
D
284 days