Adjusted Exercise Price: Term used in options on Ginnie Mae (Government National Mortgage Association) contracts. The final exercise price of the option accounts for the coupon rates carried on Ginnie Mae mortgages. For example, if the standard GNMA mortgage has an 9% yield, the price of GNMA pools with 13% mortgages in them is altered so that the investor receives the same yield.

 

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Adjusted Exercise Price: Term used in options on Ginnie Mae (Government National Mortgage Association) contracts. The final exercise price of the option accounts for the coupon rates carried on Ginnie Mae mortgages. . . . View Full Definition

Nominal Exercise Price: The exercise price of a GNMA option contract, which equals the unpaid principal balance multiplied by the adjusted exercise price.

Price Momentum: Related: Relative strength

Price List: A schedule that associates prices with individual products. This list allows you to forecast sales in units and still create projections in dollars. See also Discount List.