Transcription of American Finance Association
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American Finance Association
American Finance AssociationPrepayment and the Valuation of Mortgage-Backed SecuritiesAuthor(s): Eduardo S. Schwartz and Walter N. TorousSource: The Journal of Finance , Vol. 44, No. 2 (Jun., 1989), pp. 375-392 Published by: Blackwell Publishing for the American Finance AssociationStable URL: : 30/03/2010 20:56 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available JSTOR's Terms and Conditions of Use provides, in part, that unlessyou have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and youmay use content in the JSTOR archive only for your personal, non-commercial contact the publisher regarding any further use of this work.
Valuation of Mortgage-Backed Securities 377 Table I Characteristics of Sampled GNMA Single-Family Pools We provide coupon rates, issue years, and remaining term …
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