30-year FRM loan of $100,000 is issued at an annual interest rate of 5.50% with...
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30-year FRM loan of $100,000 is issued at an annual interest rate of 5.50% with monthly amortization. However, the borrower is required to pay 2 discount points. What is the expected yield on this loan at years 1, 5, 10, and 30? What is the APR?
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