Statistical Tools for Finance and Insurance  
 

9 Valuation of Mortgage Backed Securities
9.1 Introduction
9.2 Optimally Prepaid Mortgage
9.3 Valuation of Mortgage Backed Securities
9.3.1 Generic Framework
9.3.2 A Parametric Specification of the Prepayment Rate
9.3.3 Sensitivity Analysis
Bibliography

 
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