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Adjusted exercise price

Definition: [crh] Term used in options on Ginnie Mae (Government National Mortgage Association) contracts. The final Definition: "/?rd=exercise+price">exercise price of the option accounts for the coupon rates carried on Ginnie Mae Definition: REF="/?rd=mortgages">mortgages. For example, if the standard GNMA mortgage has an 9% yield, the price of GNMA pools wDefinition: ith 13% mortgages in them is altered so that the investor receives the same yield.

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