The average coupon (interest payment) in a pool
of mortgages. WAC is calculated by weighting the coupon rate by the outstanding
principal balance of the mortgage at the end of each month.
"weighted average coupon." YourDictionary, n.d. Web. 21 January 2019. <https://www.yourdictionary.com/weighted-average-coupon>.
weighted average coupon. (n.d.). Retrieved January 21st, 2019, from https://www.yourdictionary.com/weighted-average-coupon
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