
Explanation:
Weighted average maturity (WAM) = Weighted maturity of the pool
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Q.3091 Jack and Morris Associates is the servicing agent of a large pool of commercial mortgages in the city of Copenhagen. Their MBS portfolio is composed of the following four different pools of mortgages:
$26 million of superstore mortgages that have a maturity of 82 days;$67 million of office space mortgages that have a maturity of 169 days;$22 million of cinema mortgages that have a maturity of 253 days; and$17 million of restaurant mortgages that have a maturity of 336 days.What is the weighted average maturity (WAM) of these mortgage pools?
A
145 days
B
210 days
C
187 days
D
273 days
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