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Discount Points, Effective Yields and Mortgage Prepayments



This study addresses the perceived rankings of real estate publications and their impact in meeting the tenure requirements at AACSB member school. Roughly half of the respondents in the sample studied are AACSB accredited. The results indicate that the rank ordering of publications in the sample are consistent between the accredited and non-accredited schools, although accredited schools demonstrate systematically lower point ratings for each publication and require more points for tenure.

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  • Charles A. Smith & George D. Greenwade, 1987. "Discount Points, Effective Yields and Mortgage Prepayments," Journal of Real Estate Research, American Real Estate Society, vol. 2(2), pages 105-112.
  • Handle: RePEc:jre:issued:v:2:n:2:1987:p:105-112

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    References listed on IDEAS

    1. Patric H. Hendershott & Robert Van Order, 1987. "Pricing Mortgages: An Interpretation of the Models and Results," NBER Working Papers 2290, National Bureau of Economic Research, Inc.
    2. Patric H. Hendershott & Sheng Cheng Hu & Kevin E. Villani, 1982. "The Economics of Mortgage Terminations: Implications for Mortgage Lenders and Mortgage Terms," NBER Working Papers 0918, National Bureau of Economic Research, Inc.
    3. Geske, Robert, 1979. "The valuation of compound options," Journal of Financial Economics, Elsevier, vol. 7(1), pages 63-81, March.
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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services


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