id	sid	tid	token	lemma	pos
fsr-3267	1	1	a	a	DET
fsr-3267	1	2	marginal	marginal	ADJ
fsr-3267	1	3	cash	cash	NOUN
fsr-3267	1	4	flow	flow	NOUN
fsr-3267	1	5	analysis	analysis	NOUN
fsr-3267	1	6	of	of	ADP
fsr-3267	1	7	mortgagors	mortgagor	NOUN
fsr-3267	1	8	’	'	PUNCT
fsr-3267	1	9	choices	choice	NOUN
fsr-3267	1	10	jim	jim	PROPN
fsr-3267	1	11	musumecia	musumecia	PROPN
fsr-3267	1	12	,	,	PUNCT
fsr-3267	1	13	*	*	PUNCT
fsr-3267	1	14	adepartment	adepartment	NOUN
fsr-3267	1	15	of	of	ADP
fsr-3267	1	16	finance	finance	NOUN
fsr-3267	1	17	,	,	PUNCT
fsr-3267	1	18	bentley	bentley	PROPN
fsr-3267	1	19	university	university	PROPN
fsr-3267	1	20	,	,	PUNCT
fsr-3267	1	21	waltham	waltham	PROPN
fsr-3267	1	22	,	,	PUNCT
fsr-3267	1	23	ma	ma	PROPN
fsr-3267	1	24	02452	02452	NUM
fsr-3267	1	25	,	,	PUNCT
fsr-3267	1	26	usa	usa	PROPN
fsr-3267	1	27	abstract	abstract	PROPN
fsr-3267	1	28	a	a	DET
fsr-3267	1	29	great	great	ADJ
fsr-3267	1	30	deal	deal	NOUN
fsr-3267	1	31	of	of	ADP
fsr-3267	1	32	academic	academic	ADJ
fsr-3267	1	33	research	research	NOUN
fsr-3267	1	34	has	have	AUX
fsr-3267	1	35	focused	focus	VERB
fsr-3267	1	36	on	on	ADP
fsr-3267	1	37	determinants	determinant	NOUN
fsr-3267	1	38	of	of	ADP
fsr-3267	1	39	the	the	DET
fsr-3267	1	40	spread	spread	NOUN
fsr-3267	1	41	between	between	ADP
fsr-3267	1	42	interest	interest	NOUN
fsr-3267	1	43	rates	rate	NOUN
fsr-3267	1	44	on	on	ADP
fsr-3267	1	45	conforming	conform	VERB
fsr-3267	1	46	versus	versus	ADP
fsr-3267	1	47	jumbo	jumbo	NOUN
fsr-3267	1	48	and	and	CCONJ
fsr-3267	1	49	15	15	NUM
fsr-3267	1	50	-	-	PUNCT
fsr-3267	1	51	year	year	NOUN
fsr-3267	1	52	versus	versus	ADP
fsr-3267	1	53	30	30	NUM
fsr-3267	1	54	-	-	PUNCT
fsr-3267	1	55	year	year	NOUN
fsr-3267	1	56	mortgages	mortgage	NOUN
fsr-3267	1	57	,	,	PUNCT
fsr-3267	1	58	but	but	CCONJ
fsr-3267	1	59	much	much	ADV
fsr-3267	1	60	less	less	ADJ
fsr-3267	1	61	has	have	AUX
fsr-3267	1	62	been	be	AUX
fsr-3267	1	63	done	do	VERB
fsr-3267	1	64	to	to	PART
fsr-3267	1	65	help	help	VERB
fsr-3267	1	66	the	the	DET
fsr-3267	1	67	borrower	borrower	NOUN
fsr-3267	1	68	determine	determine	VERB
fsr-3267	1	69	what	what	DET
fsr-3267	1	70	choice	choice	NOUN
fsr-3267	1	71	is	be	AUX
fsr-3267	1	72	best	good	ADJ
fsr-3267	1	73	for	for	ADP
fsr-3267	1	74	him	he	PRON
fsr-3267	1	75	.	.	PUNCT
fsr-3267	2	1	we	we	PRON
fsr-3267	2	2	examine	examine	VERB
fsr-3267	2	3	these	these	DET
fsr-3267	2	4	issues	issue	NOUN
fsr-3267	2	5	from	from	ADP
fsr-3267	2	6	the	the	DET
fsr-3267	2	7	borrower	borrower	NOUN
fsr-3267	2	8	’s	’s	PART
fsr-3267	2	9	frame	frame	NOUN
fsr-3267	2	10	of	of	ADP
fsr-3267	2	11	reference	reference	NOUN
fsr-3267	2	12	and	and	CCONJ
fsr-3267	2	13	find	find	VERB
fsr-3267	2	14	that	that	SCONJ
fsr-3267	2	15	comparisons	comparison	NOUN
fsr-3267	2	16	of	of	ADP
fsr-3267	2	17	mortgage	mortgage	NOUN
fsr-3267	2	18	terms	term	NOUN
fsr-3267	2	19	can	can	AUX
fsr-3267	2	20	be	be	AUX
fsr-3267	2	21	facilitated	facilitate	VERB
fsr-3267	2	22	by	by	ADP
fsr-3267	2	23	analyzing	analyze	VERB
fsr-3267	2	24	the	the	DET
fsr-3267	2	25	marginal	marginal	ADJ
fsr-3267	2	26	cash	cash	NOUN
fsr-3267	2	27	flows	flow	NOUN
fsr-3267	2	28	from	from	ADP
fsr-3267	2	29	one	one	NUM
fsr-3267	2	30	mortgage	mortgage	NOUN
fsr-3267	2	31	contract	contract	NOUN
fsr-3267	2	32	to	to	ADP
fsr-3267	2	33	another	another	PRON
fsr-3267	2	34	.	.	PUNCT
fsr-3267	3	1	for	for	ADP
fsr-3267	3	2	many	many	ADJ
fsr-3267	3	3	borrowers	borrower	NOUN
fsr-3267	3	4	the	the	DET
fsr-3267	3	5	“	"	PUNCT
fsr-3267	3	6	conventional	conventional	ADJ
fsr-3267	3	7	wisdom	wisdom	NOUN
fsr-3267	3	8	”	"	PUNCT
fsr-3267	3	9	leads	lead	VERB
fsr-3267	3	10	to	to	ADP
fsr-3267	3	11	suboptimal	suboptimal	ADJ
fsr-3267	3	12	choices	choice	NOUN
fsr-3267	3	13	;	;	PUNCT
fsr-3267	3	14	making	make	VERB
fsr-3267	3	15	the	the	DET
fsr-3267	3	16	better	well	ADJ
fsr-3267	3	17	choice	choice	NOUN
fsr-3267	3	18	can	can	AUX
fsr-3267	3	19	easily	easily	ADV
fsr-3267	3	20	produce	produce	VERB
fsr-3267	3	21	low	low	ADJ
fsr-3267	3	22	-	-	PUNCT
fsr-3267	3	23	risk	risk	NOUN
fsr-3267	3	24	doubledigit	doubledigit	NOUN
fsr-3267	3	25	returns	return	NOUN
fsr-3267	3	26	.	.	PUNCT
fsr-3267	4	1	©	©	PROPN
fsr-3267	4	2	2016	2016	NUM
fsr-3267	4	3	academy	academy	NOUN
fsr-3267	4	4	of	of	ADP
fsr-3267	4	5	financial	financial	ADJ
fsr-3267	4	6	services	service	NOUN
fsr-3267	4	7	.	.	PUNCT
fsr-3267	5	1	all	all	DET
fsr-3267	5	2	rights	right	NOUN
fsr-3267	5	3	reserved	reserve	VERB
fsr-3267	5	4	.	.	PUNCT
fsr-3267	6	1	jel	jel	PROPN
fsr-3267	6	2	classifications	classification	NOUN
fsr-3267	6	3	:	:	PUNCT
fsr-3267	6	4	g21	g21	PROPN
fsr-3267	6	5	;	;	PUNCT
fsr-3267	6	6	d14	d14	NOUN
fsr-3267	6	7	keywords	keyword	NOUN
fsr-3267	6	8	:	:	PUNCT
fsr-3267	6	9	mortgage	mortgage	NOUN
fsr-3267	6	10	maturity	maturity	NOUN
fsr-3267	6	11	;	;	PUNCT
fsr-3267	6	12	jumbo	jumbo	NOUN
fsr-3267	6	13	;	;	PUNCT
fsr-3267	6	14	conforming	conform	VERB
fsr-3267	6	15	1	1	NUM
fsr-3267	6	16	.	.	PUNCT
fsr-3267	6	17	introduction	introduction	NOUN
fsr-3267	6	18	a	a	DET
fsr-3267	6	19	great	great	ADJ
fsr-3267	6	20	deal	deal	NOUN
fsr-3267	6	21	of	of	ADP
fsr-3267	6	22	academic	academic	ADJ
fsr-3267	6	23	research	research	NOUN
fsr-3267	6	24	has	have	AUX
fsr-3267	6	25	focused	focus	VERB
fsr-3267	6	26	on	on	ADP
fsr-3267	6	27	the	the	DET
fsr-3267	6	28	determinants	determinant	NOUN
fsr-3267	6	29	of	of	ADP
fsr-3267	6	30	spreads	spread	NOUN
fsr-3267	6	31	between	between	ADP
fsr-3267	6	32	various	various	ADJ
fsr-3267	6	33	types	type	NOUN
fsr-3267	6	34	of	of	ADP
fsr-3267	6	35	mortgages	mortgage	NOUN
fsr-3267	6	36	,	,	PUNCT
fsr-3267	6	37	but	but	CCONJ
fsr-3267	6	38	many	many	ADJ
fsr-3267	6	39	homeowners	homeowner	NOUN
fsr-3267	6	40	are	be	AUX
fsr-3267	6	41	guided	guide	VERB
fsr-3267	6	42	only	only	ADV
fsr-3267	6	43	by	by	ADP
fsr-3267	6	44	general	general	ADJ
fsr-3267	6	45	rules	rule	NOUN
fsr-3267	6	46	of	of	ADP
fsr-3267	6	47	thumb	thumb	NOUN
fsr-3267	6	48	.	.	PUNCT
fsr-3267	7	1	this	this	DET
fsr-3267	7	2	article	article	NOUN
fsr-3267	7	3	briefly	briefly	ADV
fsr-3267	7	4	summarizes	summarize	VERB
fsr-3267	7	5	the	the	DET
fsr-3267	7	6	sources	source	NOUN
fsr-3267	7	7	of	of	ADP
fsr-3267	7	8	the	the	DET
fsr-3267	7	9	spreads	spread	NOUN
fsr-3267	7	10	between	between	ADP
fsr-3267	7	11	different	different	ADJ
fsr-3267	7	12	mortgages	mortgage	NOUN
fsr-3267	7	13	and	and	CCONJ
fsr-3267	7	14	then	then	ADV
fsr-3267	7	15	discusses	discuss	VERB
fsr-3267	7	16	some	some	DET
fsr-3267	7	17	factors	factor	NOUN
fsr-3267	7	18	that	that	PRON
fsr-3267	7	19	may	may	AUX
fsr-3267	7	20	help	help	VERB
fsr-3267	7	21	borrowers	borrower	NOUN
fsr-3267	7	22	assess	assess	VERB
fsr-3267	7	23	their	their	PRON
fsr-3267	7	24	choices	choice	NOUN
fsr-3267	7	25	in	in	ADP
fsr-3267	7	26	light	light	NOUN
fsr-3267	7	27	of	of	ADP
fsr-3267	7	28	their	their	PRON
fsr-3267	7	29	own	own	ADJ
fsr-3267	7	30	personal	personal	ADJ
fsr-3267	7	31	circumstances	circumstance	NOUN
fsr-3267	7	32	.	.	PUNCT
fsr-3267	8	1	we	we	PRON
fsr-3267	8	2	find	find	VERB
fsr-3267	8	3	that	that	SCONJ
fsr-3267	8	4	while	while	SCONJ
fsr-3267	8	5	there	there	PRON
fsr-3267	8	6	is	be	VERB
fsr-3267	8	7	no	no	DET
fsr-3267	8	8	“	"	PUNCT
fsr-3267	8	9	one	one	NUM
fsr-3267	8	10	size	size	NOUN
fsr-3267	8	11	fits	fit	VERB
fsr-3267	8	12	all	all	DET
fsr-3267	8	13	”	"	PUNCT
fsr-3267	8	14	optimal	optimal	ADJ
fsr-3267	8	15	selection	selection	NOUN
fsr-3267	8	16	,	,	PUNCT
fsr-3267	8	17	the	the	DET
fsr-3267	8	18	conventional	conventional	ADJ
fsr-3267	8	19	wisdoms	wisdom	NOUN
fsr-3267	8	20	often	often	ADV
fsr-3267	8	21	lead	lead	VERB
fsr-3267	8	22	to	to	ADP
fsr-3267	8	23	suboptimal	suboptimal	ADJ
fsr-3267	8	24	choices	choice	NOUN
fsr-3267	8	25	.	.	PUNCT
fsr-3267	9	1	before	before	ADP
fsr-3267	9	2	analyzing	analyze	VERB
fsr-3267	9	3	the	the	DET
fsr-3267	9	4	mortgagor	mortgagor	NOUN
fsr-3267	9	5	’s	’s	PART
fsr-3267	9	6	choices	choice	NOUN
fsr-3267	9	7	,	,	PUNCT
fsr-3267	9	8	it	it	PRON
fsr-3267	9	9	is	be	AUX
fsr-3267	9	10	useful	useful	ADJ
fsr-3267	9	11	to	to	PART
fsr-3267	9	12	recognize	recognize	VERB
fsr-3267	9	13	why	why	SCONJ
fsr-3267	9	14	different	different	ADJ
fsr-3267	9	15	types	type	NOUN
fsr-3267	9	16	of	of	ADP
fsr-3267	9	17	mortgages	mortgage	NOUN
fsr-3267	9	18	feature	feature	VERB
fsr-3267	9	19	different	different	ADJ
fsr-3267	9	20	rates	rate	NOUN
fsr-3267	9	21	.	.	PUNCT
fsr-3267	10	1	in	in	ADP
fsr-3267	10	2	general	general	ADJ
fsr-3267	10	3	,	,	PUNCT
fsr-3267	10	4	for	for	ADP
fsr-3267	10	5	any	any	DET
fsr-3267	10	6	two	two	NUM
fsr-3267	10	7	different	different	ADJ
fsr-3267	10	8	mortgage	mortgage	NOUN
fsr-3267	10	9	contracts	contract	NOUN
fsr-3267	10	10	,	,	PUNCT
fsr-3267	10	11	the	the	DET
fsr-3267	10	12	one	one	NOUN
fsr-3267	10	13	that	that	PRON
fsr-3267	10	14	imposes	impose	VERB
fsr-3267	10	15	more	more	ADJ
fsr-3267	10	16	risk	risk	NOUN
fsr-3267	10	17	on	on	ADP
fsr-3267	10	18	the	the	DET
fsr-3267	10	19	lender	lender	NOUN
fsr-3267	10	20	will	will	AUX
fsr-3267	10	21	feature	feature	VERB
fsr-3267	10	22	the	the	DET
fsr-3267	10	23	higher	high	ADJ
fsr-3267	10	24	rate	rate	NOUN
fsr-3267	10	25	.	.	PUNCT
fsr-3267	11	1	because	because	SCONJ
fsr-3267	11	2	long	long	ADJ
fsr-3267	11	3	-	-	PUNCT
fsr-3267	11	4	term	term	NOUN
fsr-3267	11	5	securities	security	NOUN
fsr-3267	11	6	are	be	AUX
fsr-3267	11	7	more	more	ADV
fsr-3267	11	8	sensitive	sensitive	ADJ
fsr-3267	11	9	to	to	ADP
fsr-3267	11	10	interest	interest	NOUN
fsr-3267	11	11	rate	rate	NOUN
fsr-3267	11	12	changes	change	NOUN
fsr-3267	11	13	than	than	SCONJ
fsr-3267	11	14	are	be	AUX
fsr-3267	11	15	short	short	ADJ
fsr-3267	11	16	-	-	PUNCT
fsr-3267	11	17	term	term	NOUN
fsr-3267	11	18	securities	security	NOUN
fsr-3267	11	19	,	,	PUNCT
fsr-3267	11	20	they	they	PRON
fsr-3267	11	21	are	be	AUX
fsr-3267	11	22	*	*	PUNCT
fsr-3267	11	23	corresponding	correspond	VERB
fsr-3267	11	24	author	author	NOUN
fsr-3267	11	25	.	.	PUNCT
fsr-3267	12	1	tel	tel	PROPN
fsr-3267	12	2	.	.	PUNCT
fsr-3267	12	3	:	:	PUNCT
fsr-3267	13	1	�	�	PROPN
fsr-3267	13	2	1	1	NUM
fsr-3267	13	3	-	-	SYM
fsr-3267	13	4	781	781	NUM
fsr-3267	13	5	-	-	PUNCT
fsr-3267	13	6	891	891	NUM
fsr-3267	13	7	-	-	SYM
fsr-3267	13	8	2235	2235	NUM
fsr-3267	13	9	;	;	PUNCT
fsr-3267	13	10	fax	fax	NOUN
fsr-3267	13	11	:	:	PUNCT
fsr-3267	13	12	�	�	PROPN
fsr-3267	13	13	1	1	NUM
fsr-3267	13	14	-	-	SYM
fsr-3267	13	15	781	781	NUM
fsr-3267	13	16	-	-	PUNCT
fsr-3267	13	17	891	891	NUM
fsr-3267	13	18	-	-	SYM
fsr-3267	13	19	2896	2896	NUM
fsr-3267	13	20	.	.	PUNCT
fsr-3267	14	1	e	e	X
fsr-3267	14	2	-	-	NOUN
fsr-3267	14	3	mail	mail	NOUN
fsr-3267	14	4	address	address	NOUN
fsr-3267	14	5	:	:	PUNCT
fsr-3267	14	6	jmusumeci@bentley.edu	jmusumeci@bentley.edu	X
fsr-3267	15	1	financial	financial	ADJ
fsr-3267	15	2	services	service	NOUN
fsr-3267	15	3	review	review	VERB
fsr-3267	15	4	25	25	NUM
fsr-3267	15	5	(	(	PUNCT
fsr-3267	15	6	2016	2016	NUM
fsr-3267	15	7	)	)	PUNCT
fsr-3267	15	8	87–104	87–104	PROPN
fsr-3267	15	9	1057	1057	NUM
fsr-3267	15	10	-	-	PUNCT
fsr-3267	15	11	0810/16/$	0810/16/$	ADV
fsr-3267	15	12	–	–	PUNCT
fsr-3267	15	13	see	see	VERB
fsr-3267	15	14	front	front	ADJ
fsr-3267	15	15	matter	matter	NOUN
fsr-3267	15	16	©	©	PROPN
fsr-3267	15	17	2016	2016	NUM
fsr-3267	15	18	academy	academy	NOUN
fsr-3267	15	19	of	of	ADP
fsr-3267	15	20	financial	financial	ADJ
fsr-3267	15	21	services	service	NOUN
fsr-3267	15	22	.	.	PUNCT
fsr-3267	16	1	all	all	DET
fsr-3267	16	2	rights	right	NOUN
fsr-3267	16	3	reserved	reserve	VERB
fsr-3267	16	4	.	.	PUNCT
fsr-3267	17	1	more	more	ADV
fsr-3267	17	2	risky	risky	ADJ
fsr-3267	17	3	to	to	ADP
fsr-3267	17	4	the	the	DET
fsr-3267	17	5	lender	lender	NOUN
fsr-3267	17	6	and	and	CCONJ
fsr-3267	17	7	typically	typically	ADV
fsr-3267	17	8	command	command	VERB
fsr-3267	17	9	a	a	DET
fsr-3267	17	10	premium	premium	NOUN
fsr-3267	17	11	(	(	PUNCT
fsr-3267	17	12	as	as	ADP
fsr-3267	17	13	per	per	ADP
fsr-3267	17	14	the	the	DET
fsr-3267	17	15	liquidity	liquidity	NOUN
fsr-3267	17	16	preference	preference	NOUN
fsr-3267	17	17	hypothesis	hypothesis	NOUN
fsr-3267	17	18	,	,	PUNCT
fsr-3267	17	19	e.g.	e.g.	ADV
fsr-3267	17	20	,	,	PUNCT
fsr-3267	17	21	see	see	VERB
fsr-3267	17	22	copeland	copeland	PROPN
fsr-3267	17	23	,	,	PUNCT
fsr-3267	17	24	weston	weston	PROPN
fsr-3267	17	25	,	,	PUNCT
fsr-3267	17	26	and	and	CCONJ
fsr-3267	17	27	shastri	shastri	PROPN
fsr-3267	17	28	(	(	PUNCT
fsr-3267	17	29	2005	2005	NUM
fsr-3267	17	30	)	)	PUNCT
fsr-3267	17	31	,	,	PUNCT
fsr-3267	17	32	pp	pp	ADP
fsr-3267	17	33	.	.	PUNCT
fsr-3267	18	1	262–264	262–264	NUM
fsr-3267	18	2	)	)	PUNCT
fsr-3267	18	3	.	.	PUNCT
fsr-3267	19	1	in	in	ADP
fsr-3267	19	2	addition	addition	NOUN
fsr-3267	19	3	,	,	PUNCT
fsr-3267	19	4	borrowers	borrower	NOUN
fsr-3267	19	5	have	have	VERB
fsr-3267	19	6	the	the	DET
fsr-3267	19	7	option	option	NOUN
fsr-3267	19	8	to	to	PART
fsr-3267	19	9	prepay	prepay	VERB
fsr-3267	19	10	and	and	CCONJ
fsr-3267	19	11	the	the	DET
fsr-3267	19	12	option	option	NOUN
fsr-3267	19	13	to	to	PART
fsr-3267	19	14	default	default	VERB
fsr-3267	19	15	on	on	ADP
fsr-3267	19	16	the	the	DET
fsr-3267	19	17	mortgage	mortgage	NOUN
fsr-3267	19	18	.	.	PUNCT
fsr-3267	20	1	mortgage	mortgage	NOUN
fsr-3267	20	2	interest	interest	NOUN
fsr-3267	20	3	rates	rate	NOUN
fsr-3267	20	4	reflect	reflect	VERB
fsr-3267	20	5	the	the	DET
fsr-3267	20	6	values	value	NOUN
fsr-3267	20	7	of	of	ADP
fsr-3267	20	8	these	these	DET
fsr-3267	20	9	options	option	NOUN
fsr-3267	20	10	(	(	PUNCT
fsr-3267	20	11	e.g.	e.g.	ADV
fsr-3267	20	12	,	,	PUNCT
fsr-3267	20	13	kau	kau	PROPN
fsr-3267	20	14	and	and	CCONJ
fsr-3267	20	15	keenan	keenan	PROPN
fsr-3267	20	16	,	,	PUNCT
fsr-3267	20	17	1995	1995	NUM
fsr-3267	20	18	)	)	PUNCT
fsr-3267	20	19	;	;	PUNCT
fsr-3267	20	20	starting	start	VERB
fsr-3267	20	21	immediately	immediately	ADV
fsr-3267	20	22	after	after	ADP
fsr-3267	20	23	the	the	DET
fsr-3267	20	24	first	first	ADJ
fsr-3267	20	25	payment	payment	NOUN
fsr-3267	20	26	,	,	PUNCT
fsr-3267	20	27	shorter	short	ADJ
fsr-3267	20	28	-	-	PUNCT
fsr-3267	20	29	term	term	NOUN
fsr-3267	20	30	mortgages	mortgage	NOUN
fsr-3267	20	31	at	at	ADP
fsr-3267	20	32	all	all	DET
fsr-3267	20	33	times	time	NOUN
fsr-3267	20	34	have	have	VERB
fsr-3267	20	35	a	a	DET
fsr-3267	20	36	lower	low	ADJ
fsr-3267	20	37	outstanding	outstanding	ADJ
fsr-3267	20	38	principal	principal	NOUN
fsr-3267	20	39	than	than	ADP
fsr-3267	20	40	longer	long	ADJ
fsr-3267	20	41	-	-	PUNCT
fsr-3267	20	42	term	term	NOUN
fsr-3267	20	43	mortgages	mortgage	NOUN
fsr-3267	20	44	,	,	PUNCT
fsr-3267	20	45	and	and	CCONJ
fsr-3267	20	46	therefore	therefore	ADV
fsr-3267	20	47	,	,	PUNCT
fsr-3267	20	48	the	the	DET
fsr-3267	20	49	values	value	NOUN
fsr-3267	20	50	of	of	ADP
fsr-3267	20	51	both	both	CCONJ
fsr-3267	20	52	the	the	DET
fsr-3267	20	53	option	option	NOUN
fsr-3267	20	54	to	to	PART
fsr-3267	20	55	default	default	VERB
fsr-3267	20	56	and	and	CCONJ
fsr-3267	20	57	the	the	DET
fsr-3267	20	58	option	option	NOUN
fsr-3267	20	59	to	to	PART
fsr-3267	20	60	refinance	refinance	NOUN
fsr-3267	20	61	are	be	AUX
fsr-3267	20	62	lower	low	ADJ
fsr-3267	20	63	for	for	ADP
fsr-3267	20	64	shorter	short	ADJ
fsr-3267	20	65	-	-	PUNCT
fsr-3267	20	66	term	term	NOUN
fsr-3267	20	67	mortgages	mortgage	NOUN
fsr-3267	20	68	.	.	PUNCT
fsr-3267	21	1	most	most	ADJ
fsr-3267	21	2	borrowers	borrower	NOUN
fsr-3267	21	3	will	will	AUX
fsr-3267	21	4	refinance	refinance	VERB
fsr-3267	21	5	when	when	SCONJ
fsr-3267	21	6	the	the	DET
fsr-3267	21	7	terms	term	NOUN
fsr-3267	21	8	are	be	AUX
fsr-3267	21	9	sufficiently	sufficiently	ADV
fsr-3267	21	10	favorable	favorable	ADJ
fsr-3267	21	11	,	,	PUNCT
fsr-3267	21	12	and	and	CCONJ
fsr-3267	21	13	lenders	lender	NOUN
fsr-3267	21	14	have	have	VERB
fsr-3267	21	15	a	a	DET
fsr-3267	21	16	good	good	ADJ
fsr-3267	21	17	idea	idea	NOUN
fsr-3267	21	18	of	of	ADP
fsr-3267	21	19	how	how	SCONJ
fsr-3267	21	20	to	to	PART
fsr-3267	21	21	value	value	VERB
fsr-3267	21	22	this	this	DET
fsr-3267	21	23	option	option	NOUN
fsr-3267	21	24	.	.	PUNCT
fsr-3267	22	1	likelihood	likelihood	NOUN
fsr-3267	22	2	of	of	ADP
fsr-3267	22	3	default	default	NOUN
fsr-3267	22	4	,	,	PUNCT
fsr-3267	22	5	however	however	ADV
fsr-3267	22	6	,	,	PUNCT
fsr-3267	22	7	may	may	AUX
fsr-3267	22	8	be	be	AUX
fsr-3267	22	9	unique	unique	ADJ
fsr-3267	22	10	to	to	ADP
fsr-3267	22	11	the	the	DET
fsr-3267	22	12	borrower	borrower	NOUN
fsr-3267	22	13	.	.	PUNCT
fsr-3267	23	1	some	some	DET
fsr-3267	23	2	researchers	researcher	NOUN
fsr-3267	23	3	view	view	VERB
fsr-3267	23	4	default	default	NOUN
fsr-3267	23	5	as	as	ADP
fsr-3267	23	6	a	a	DET
fsr-3267	23	7	cold	cold	ADJ
fsr-3267	23	8	-	-	PUNCT
fsr-3267	23	9	blooded	blooded	ADJ
fsr-3267	23	10	decision	decision	NOUN
fsr-3267	23	11	,	,	PUNCT
fsr-3267	23	12	with	with	ADP
fsr-3267	23	13	borrowers	borrower	NOUN
fsr-3267	23	14	doing	do	VERB
fsr-3267	23	15	so	so	ADV
fsr-3267	23	16	whenever	whenever	SCONJ
fsr-3267	23	17	it	it	PRON
fsr-3267	23	18	is	be	AUX
fsr-3267	23	19	in	in	ADP
fsr-3267	23	20	their	their	PRON
fsr-3267	23	21	best	good	ADJ
fsr-3267	23	22	interests	interest	NOUN
fsr-3267	23	23	(	(	PUNCT
fsr-3267	23	24	e.g.	e.g.	ADV
fsr-3267	23	25	,	,	PUNCT
fsr-3267	23	26	kau	kau	PROPN
fsr-3267	23	27	and	and	CCONJ
fsr-3267	23	28	keenan	keenan	PROPN
fsr-3267	23	29	,	,	PUNCT
fsr-3267	23	30	1995	1995	NUM
fsr-3267	23	31	)	)	PUNCT
fsr-3267	23	32	.	.	PUNCT
fsr-3267	24	1	in	in	ADP
fsr-3267	24	2	contrast	contrast	NOUN
fsr-3267	24	3	,	,	PUNCT
fsr-3267	24	4	others	other	NOUN
fsr-3267	24	5	(	(	PUNCT
fsr-3267	24	6	e.g.	e.g.	ADV
fsr-3267	24	7	,	,	PUNCT
fsr-3267	24	8	brueckner	brueckner	NOUN
fsr-3267	24	9	,	,	PUNCT
fsr-3267	24	10	2000	2000	NUM
fsr-3267	24	11	)	)	PUNCT
fsr-3267	24	12	suggest	suggest	VERB
fsr-3267	24	13	that	that	SCONJ
fsr-3267	24	14	personal	personal	ADJ
fsr-3267	24	15	characteristics	characteristic	NOUN
fsr-3267	24	16	,	,	PUNCT
fsr-3267	24	17	such	such	ADJ
fsr-3267	24	18	as	as	ADP
fsr-3267	24	19	the	the	DET
fsr-3267	24	20	stability	stability	NOUN
fsr-3267	24	21	of	of	ADP
fsr-3267	24	22	the	the	DET
fsr-3267	24	23	borrower	borrower	NOUN
fsr-3267	24	24	’s	’s	PART
fsr-3267	24	25	income	income	NOUN
fsr-3267	24	26	stream	stream	NOUN
fsr-3267	24	27	or	or	CCONJ
fsr-3267	24	28	her	her	PRON
fsr-3267	24	29	reluctance	reluctance	NOUN
fsr-3267	24	30	to	to	PART
fsr-3267	24	31	default	default	VERB
fsr-3267	24	32	on	on	ADP
fsr-3267	24	33	a	a	DET
fsr-3267	24	34	mortgage	mortgage	NOUN
fsr-3267	24	35	,	,	PUNCT
fsr-3267	24	36	are	be	AUX
fsr-3267	24	37	also	also	ADV
fsr-3267	24	38	important	important	ADJ
fsr-3267	24	39	.	.	PUNCT
fsr-3267	25	1	without	without	ADP
fsr-3267	25	2	loss	loss	NOUN
fsr-3267	25	3	of	of	ADP
fsr-3267	25	4	generality	generality	NOUN
fsr-3267	25	5	,	,	PUNCT
fsr-3267	25	6	we	we	PRON
fsr-3267	25	7	focus	focus	VERB
fsr-3267	25	8	on	on	ADP
fsr-3267	25	9	borrowers	borrower	NOUN
fsr-3267	25	10	of	of	ADP
fsr-3267	25	11	the	the	DET
fsr-3267	25	12	type	type	NOUN
fsr-3267	25	13	brueckner	brueckner	NOUN
fsr-3267	25	14	describes	describe	VERB
fsr-3267	25	15	,	,	PUNCT
fsr-3267	25	16	specifically	specifically	ADV
fsr-3267	25	17	,	,	PUNCT
fsr-3267	25	18	ones	one	NOUN
fsr-3267	25	19	who	who	PRON
fsr-3267	25	20	know	know	VERB
fsr-3267	25	21	they	they	PRON
fsr-3267	25	22	are	be	AUX
fsr-3267	25	23	less	less	ADV
fsr-3267	25	24	likely	likely	ADJ
fsr-3267	25	25	to	to	PART
fsr-3267	25	26	default	default	VERB
fsr-3267	25	27	than	than	ADP
fsr-3267	25	28	the	the	DET
fsr-3267	25	29	average	average	ADJ
fsr-3267	25	30	borrower	borrower	NOUN
fsr-3267	25	31	.	.	PUNCT
fsr-3267	26	1	alternately	alternately	ADV
fsr-3267	26	2	,	,	PUNCT
fsr-3267	26	3	our	our	PRON
fsr-3267	26	4	analysis	analysis	NOUN
fsr-3267	26	5	can	can	AUX
fsr-3267	26	6	be	be	AUX
fsr-3267	26	7	thought	think	VERB
fsr-3267	26	8	of	of	ADP
fsr-3267	26	9	as	as	ADP
fsr-3267	26	10	an	an	DET
fsr-3267	26	11	assessment	assessment	NOUN
fsr-3267	26	12	of	of	ADP
fsr-3267	26	13	what	what	PRON
fsr-3267	26	14	benefit	benefit	VERB
fsr-3267	26	15	the	the	DET
fsr-3267	26	16	borrower	borrower	NOUN
fsr-3267	26	17	gains	gain	NOUN
fsr-3267	26	18	if	if	SCONJ
fsr-3267	26	19	she	she	PRON
fsr-3267	26	20	is	be	AUX
fsr-3267	26	21	willing	willing	ADJ
fsr-3267	26	22	to	to	PART
fsr-3267	26	23	reduce	reduce	VERB
fsr-3267	26	24	the	the	DET
fsr-3267	26	25	value	value	NOUN
fsr-3267	26	26	of	of	ADP
fsr-3267	26	27	her	her	PRON
fsr-3267	26	28	option	option	NOUN
fsr-3267	26	29	to	to	PART
fsr-3267	26	30	default	default	VERB
fsr-3267	26	31	(	(	PUNCT
fsr-3267	26	32	or	or	CCONJ
fsr-3267	26	33	to	to	ADP
fsr-3267	26	34	refinance	refinance	NOUN
fsr-3267	26	35	)	)	PUNCT
fsr-3267	26	36	.	.	PUNCT
fsr-3267	27	1	how	how	SCONJ
fsr-3267	27	2	can	can	AUX
fsr-3267	27	3	such	such	DET
fsr-3267	27	4	a	a	DET
fsr-3267	27	5	borrower	borrower	NOUN
fsr-3267	27	6	signal	signal	VERB
fsr-3267	27	7	this	this	DET
fsr-3267	27	8	characteristic	characteristic	NOUN
fsr-3267	27	9	to	to	ADP
fsr-3267	27	10	the	the	DET
fsr-3267	27	11	lenders	lender	NOUN
fsr-3267	27	12	and	and	CCONJ
fsr-3267	27	13	get	get	VERB
fsr-3267	27	14	a	a	DET
fsr-3267	27	15	better	well	ADJ
fsr-3267	27	16	rate	rate	NOUN
fsr-3267	27	17	than	than	SCONJ
fsr-3267	27	18	she	she	PRON
fsr-3267	27	19	otherwise	otherwise	ADV
fsr-3267	27	20	would	would	AUX
fsr-3267	27	21	?	?	PUNCT
fsr-3267	28	1	certainly	certainly	ADV
fsr-3267	28	2	just	just	ADV
fsr-3267	28	3	saying	say	VERB
fsr-3267	28	4	“	"	PUNCT
fsr-3267	28	5	i	i	PRON
fsr-3267	28	6	have	have	VERB
fsr-3267	28	7	a	a	DET
fsr-3267	28	8	low	low	ADJ
fsr-3267	28	9	risk	risk	NOUN
fsr-3267	28	10	of	of	ADP
fsr-3267	28	11	default	default	NOUN
fsr-3267	28	12	”	"	PUNCT
fsr-3267	28	13	is	be	AUX
fsr-3267	28	14	insufficient	insufficient	ADJ
fsr-3267	28	15	because	because	SCONJ
fsr-3267	28	16	all	all	DET
fsr-3267	28	17	borrowers	borrower	NOUN
fsr-3267	28	18	can	can	AUX
fsr-3267	28	19	allege	allege	VERB
fsr-3267	28	20	that	that	PRON
fsr-3267	28	21	.	.	PUNCT
fsr-3267	29	1	instead	instead	ADV
fsr-3267	29	2	,	,	PUNCT
fsr-3267	29	3	the	the	DET
fsr-3267	29	4	borrower	borrower	NOUN
fsr-3267	29	5	must	must	AUX
fsr-3267	29	6	signal	signal	VERB
fsr-3267	29	7	through	through	ADP
fsr-3267	29	8	her	her	PRON
fsr-3267	29	9	choices	choice	NOUN
fsr-3267	29	10	that	that	PRON
fsr-3267	29	11	the	the	DET
fsr-3267	29	12	option	option	NOUN
fsr-3267	29	13	to	to	PART
fsr-3267	29	14	default	default	VERB
fsr-3267	29	15	is	be	AUX
fsr-3267	29	16	not	not	PART
fsr-3267	29	17	worth	worth	ADJ
fsr-3267	29	18	much	much	ADV
fsr-3267	29	19	to	to	ADP
fsr-3267	29	20	her	she	PRON
fsr-3267	29	21	.	.	PUNCT
fsr-3267	30	1	in	in	ADP
fsr-3267	30	2	the	the	DET
fsr-3267	30	3	insurance	insurance	NOUN
fsr-3267	30	4	literature	literature	NOUN
fsr-3267	30	5	,	,	PUNCT
fsr-3267	30	6	there	there	PRON
fsr-3267	30	7	is	be	VERB
fsr-3267	30	8	a	a	DET
fsr-3267	30	9	similar	similar	ADJ
fsr-3267	30	10	phenomenon	phenomenon	NOUN
fsr-3267	30	11	in	in	ADP
fsr-3267	30	12	which	which	PRON
fsr-3267	30	13	insurers	insurer	NOUN
fsr-3267	30	14	try	try	VERB
fsr-3267	30	15	to	to	PART
fsr-3267	30	16	separate	separate	VERB
fsr-3267	30	17	low	low	ADJ
fsr-3267	30	18	-	-	PUNCT
fsr-3267	30	19	risk	risk	NOUN
fsr-3267	30	20	and	and	CCONJ
fsr-3267	30	21	high	high	ADJ
fsr-3267	30	22	-	-	PUNCT
fsr-3267	30	23	risk	risk	NOUN
fsr-3267	30	24	clients	client	NOUN
fsr-3267	30	25	from	from	ADP
fsr-3267	30	26	the	the	DET
fsr-3267	30	27	rest	rest	NOUN
fsr-3267	30	28	,	,	PUNCT
fsr-3267	30	29	and	and	CCONJ
fsr-3267	30	30	then	then	ADV
fsr-3267	30	31	offer	offer	VERB
fsr-3267	30	32	each	each	DET
fsr-3267	30	33	group	group	NOUN
fsr-3267	30	34	different	different	ADJ
fsr-3267	30	35	rates	rate	NOUN
fsr-3267	30	36	that	that	PRON
fsr-3267	30	37	better	well	ADV
fsr-3267	30	38	correspond	correspond	VERB
fsr-3267	30	39	to	to	ADP
fsr-3267	30	40	their	their	PRON
fsr-3267	30	41	risk	risk	NOUN
fsr-3267	30	42	profiles	profile	NOUN
fsr-3267	30	43	.	.	PUNCT
fsr-3267	31	1	such	such	ADJ
fsr-3267	31	2	programs	program	NOUN
fsr-3267	31	3	as	as	ADP
fsr-3267	31	4	discounted	discount	VERB
fsr-3267	31	5	insurance	insurance	NOUN
fsr-3267	31	6	premia	premia	NOUN
fsr-3267	31	7	for	for	ADP
fsr-3267	31	8	honors	honor	NOUN
fsr-3267	31	9	students	student	NOUN
fsr-3267	31	10	or	or	CCONJ
fsr-3267	31	11	nonsmokers	nonsmoker	NOUN
fsr-3267	31	12	are	be	AUX
fsr-3267	31	13	two	two	NUM
fsr-3267	31	14	examples	example	NOUN
fsr-3267	31	15	of	of	ADP
fsr-3267	31	16	insurance	insurance	NOUN
fsr-3267	31	17	companies	company	NOUN
fsr-3267	31	18	’	'	PUNCT
fsr-3267	31	19	inferring	infer	VERB
fsr-3267	31	20	risk	risk	NOUN
fsr-3267	31	21	profiles	profile	NOUN
fsr-3267	31	22	from	from	ADP
fsr-3267	31	23	other	other	ADJ
fsr-3267	31	24	personal	personal	ADJ
fsr-3267	31	25	characteristics	characteristic	NOUN
fsr-3267	31	26	.	.	PUNCT
fsr-3267	32	1	another	another	DET
fsr-3267	32	2	method	method	NOUN
fsr-3267	32	3	is	be	AUX
fsr-3267	32	4	to	to	PART
fsr-3267	32	5	offer	offer	VERB
fsr-3267	32	6	clients	client	NOUN
fsr-3267	32	7	a	a	DET
fsr-3267	32	8	choice	choice	NOUN
fsr-3267	32	9	of	of	ADP
fsr-3267	32	10	deductibles	deductible	NOUN
fsr-3267	32	11	.	.	PUNCT
fsr-3267	33	1	if	if	SCONJ
fsr-3267	33	2	all	all	DET
fsr-3267	33	3	rates	rate	NOUN
fsr-3267	33	4	were	be	AUX
fsr-3267	33	5	actuarially	actuarially	ADV
fsr-3267	33	6	fair	fair	ADJ
fsr-3267	33	7	conditioned	condition	VERB
fsr-3267	33	8	on	on	ADP
fsr-3267	33	9	the	the	DET
fsr-3267	33	10	population	population	NOUN
fsr-3267	33	11	average	average	NOUN
fsr-3267	33	12	,	,	PUNCT
fsr-3267	33	13	then	then	ADV
fsr-3267	33	14	high	high	ADJ
fsr-3267	33	15	-	-	PUNCT
fsr-3267	33	16	risk	risk	NOUN
fsr-3267	33	17	(	(	PUNCT
fsr-3267	33	18	low	low	ADJ
fsr-3267	33	19	-	-	PUNCT
fsr-3267	33	20	risk	risk	NOUN
fsr-3267	33	21	)	)	PUNCT
fsr-3267	33	22	clients	client	NOUN
fsr-3267	33	23	would	would	AUX
fsr-3267	33	24	prefer	prefer	VERB
fsr-3267	33	25	low	low	ADJ
fsr-3267	33	26	(	(	PUNCT
fsr-3267	33	27	high	high	ADJ
fsr-3267	33	28	)	)	PUNCT
fsr-3267	33	29	deductibles	deductible	NOUN
fsr-3267	33	30	.	.	PUNCT
fsr-3267	34	1	insurance	insurance	NOUN
fsr-3267	34	2	companies	company	NOUN
fsr-3267	34	3	,	,	PUNCT
fsr-3267	34	4	knowing	know	VERB
fsr-3267	34	5	this	this	PRON
fsr-3267	34	6	,	,	PUNCT
fsr-3267	34	7	will	will	AUX
fsr-3267	34	8	adjust	adjust	VERB
fsr-3267	34	9	the	the	DET
fsr-3267	34	10	population	population	NOUN
fsr-3267	34	11	-	-	PUNCT
fsr-3267	34	12	wide	wide	ADV
fsr-3267	34	13	actuarially	actuarially	ADV
fsr-3267	34	14	fair	fair	ADJ
fsr-3267	34	15	rates	rate	NOUN
fsr-3267	34	16	to	to	PART
fsr-3267	34	17	offer	offer	VERB
fsr-3267	34	18	each	each	DET
fsr-3267	34	19	group	group	NOUN
fsr-3267	34	20	a	a	DET
fsr-3267	34	21	rate	rate	NOUN
fsr-3267	34	22	that	that	PRON
fsr-3267	34	23	better	well	ADJ
fsr-3267	34	24	corresponds	correspond	VERB
fsr-3267	34	25	to	to	ADP
fsr-3267	34	26	its	its	PRON
fsr-3267	34	27	risk	risk	NOUN
fsr-3267	34	28	characteristics	characteristic	NOUN
fsr-3267	34	29	(	(	PUNCT
fsr-3267	34	30	as	as	SCONJ
fsr-3267	34	31	revealed	reveal	VERB
fsr-3267	34	32	by	by	ADP
fsr-3267	34	33	the	the	DET
fsr-3267	34	34	choice	choice	NOUN
fsr-3267	34	35	of	of	ADP
fsr-3267	34	36	deductible	deductible	ADJ
fsr-3267	34	37	)	)	PUNCT
fsr-3267	34	38	.	.	PUNCT
fsr-3267	35	1	puelz	puelz	VERB
fsr-3267	35	2	and	and	CCONJ
fsr-3267	35	3	snow	snow	NOUN
fsr-3267	35	4	(	(	PUNCT
fsr-3267	35	5	1994	1994	NUM
fsr-3267	35	6	)	)	PUNCT
fsr-3267	35	7	find	find	VERB
fsr-3267	35	8	“	"	PUNCT
fsr-3267	35	9	strong	strong	ADJ
fsr-3267	35	10	evidence	evidence	NOUN
fsr-3267	35	11	”	"	PUNCT
fsr-3267	35	12	that	that	SCONJ
fsr-3267	35	13	insurance	insurance	NOUN
fsr-3267	35	14	companies	company	NOUN
fsr-3267	35	15	offer	offer	VERB
fsr-3267	35	16	better	well	ADJ
fsr-3267	35	17	rates	rate	NOUN
fsr-3267	35	18	to	to	ADP
fsr-3267	35	19	drivers	driver	NOUN
fsr-3267	35	20	who	who	PRON
fsr-3267	35	21	choose	choose	VERB
fsr-3267	35	22	high	high	ADJ
fsr-3267	35	23	deductibles	deductible	NOUN
fsr-3267	35	24	.	.	PUNCT
fsr-3267	36	1	the	the	DET
fsr-3267	36	2	same	same	ADJ
fsr-3267	36	3	principle	principle	NOUN
fsr-3267	36	4	applies	apply	VERB
fsr-3267	36	5	to	to	ADP
fsr-3267	36	6	mortgage	mortgage	NOUN
fsr-3267	36	7	markets	market	NOUN
fsr-3267	36	8	.	.	PUNCT
fsr-3267	37	1	ceteris	ceteris	NOUN
fsr-3267	37	2	paribus	paribus	NOUN
fsr-3267	37	3	,	,	PUNCT
fsr-3267	37	4	some	some	DET
fsr-3267	37	5	types	type	NOUN
fsr-3267	37	6	of	of	ADP
fsr-3267	37	7	loans	loan	NOUN
fsr-3267	37	8	(	(	PUNCT
fsr-3267	37	9	e.g.	e.g.	ADV
fsr-3267	37	10	,	,	PUNCT
fsr-3267	37	11	longer	long	ADJ
fsr-3267	37	12	terms	term	NOUN
fsr-3267	37	13	or	or	CCONJ
fsr-3267	37	14	smaller	small	ADJ
fsr-3267	37	15	down	down	ADJ
fsr-3267	37	16	payments	payment	NOUN
fsr-3267	37	17	)	)	PUNCT
fsr-3267	37	18	are	be	AUX
fsr-3267	37	19	inherently	inherently	ADV
fsr-3267	37	20	more	more	ADV
fsr-3267	37	21	risky	risky	ADJ
fsr-3267	37	22	for	for	ADP
fsr-3267	37	23	the	the	DET
fsr-3267	37	24	lender	lender	NOUN
fsr-3267	37	25	,	,	PUNCT
fsr-3267	37	26	in	in	ADP
fsr-3267	37	27	part	part	NOUN
fsr-3267	37	28	because	because	SCONJ
fsr-3267	37	29	of	of	ADP
fsr-3267	37	30	an	an	DET
fsr-3267	37	31	increase	increase	NOUN
fsr-3267	37	32	in	in	ADP
fsr-3267	37	33	default	default	NOUN
fsr-3267	37	34	risk	risk	NOUN
fsr-3267	37	35	by	by	ADP
fsr-3267	37	36	the	the	DET
fsr-3267	37	37	borrower	borrower	NOUN
fsr-3267	37	38	.	.	PUNCT
fsr-3267	38	1	borrowers	borrower	NOUN
fsr-3267	38	2	who	who	PRON
fsr-3267	38	3	know	know	VERB
fsr-3267	38	4	that	that	SCONJ
fsr-3267	38	5	their	their	PRON
fsr-3267	38	6	likelihood	likelihood	NOUN
fsr-3267	38	7	of	of	ADP
fsr-3267	38	8	defaulting	default	VERB
fsr-3267	38	9	is	be	AUX
fsr-3267	38	10	much	much	ADV
fsr-3267	38	11	lower	low	ADJ
fsr-3267	38	12	than	than	ADP
fsr-3267	38	13	average	average	ADJ
fsr-3267	38	14	will	will	AUX
fsr-3267	38	15	prefer	prefer	VERB
fsr-3267	38	16	to	to	PART
fsr-3267	38	17	avoid	avoid	VERB
fsr-3267	38	18	this	this	DET
fsr-3267	38	19	risk	risk	NOUN
fsr-3267	38	20	premium	premium	NOUN
fsr-3267	38	21	,	,	PUNCT
fsr-3267	38	22	and	and	CCONJ
fsr-3267	38	23	should	should	AUX
fsr-3267	38	24	,	,	PUNCT
fsr-3267	38	25	therefore	therefore	ADV
fsr-3267	38	26	,	,	PUNCT
fsr-3267	38	27	choose	choose	VERB
fsr-3267	38	28	shorter	short	ADJ
fsr-3267	38	29	-	-	PUNCT
fsr-3267	38	30	term	term	NOUN
fsr-3267	38	31	mortgages	mortgage	NOUN
fsr-3267	38	32	and	and	CCONJ
fsr-3267	38	33	larger	large	ADJ
fsr-3267	38	34	down	down	ADP
fsr-3267	38	35	payments	payment	NOUN
fsr-3267	38	36	.	.	PUNCT
fsr-3267	39	1	dhillon	dhillon	PROPN
fsr-3267	39	2	,	,	PUNCT
fsr-3267	39	3	shilling	shilling	NOUN
fsr-3267	39	4	,	,	PUNCT
fsr-3267	39	5	and	and	CCONJ
fsr-3267	39	6	sirmans	sirman	NOUN
fsr-3267	39	7	’	'	PUNCT
fsr-3267	39	8	(	(	PUNCT
fsr-3267	39	9	1990	1990	NUM
fsr-3267	39	10	)	)	PUNCT
fsr-3267	39	11	finding	find	VERB
fsr-3267	39	12	that	that	SCONJ
fsr-3267	39	13	wealthier	wealthy	ADJ
fsr-3267	39	14	borrowers	borrower	NOUN
fsr-3267	39	15	(	(	PUNCT
fsr-3267	39	16	who	who	PRON
fsr-3267	39	17	have	have	VERB
fsr-3267	39	18	greater	great	ADJ
fsr-3267	39	19	resources	resource	NOUN
fsr-3267	39	20	and	and	CCONJ
fsr-3267	39	21	therefore	therefore	ADV
fsr-3267	39	22	,	,	PUNCT
fsr-3267	39	23	a	a	DET
fsr-3267	39	24	presumably	presumably	ADV
fsr-3267	39	25	lower	low	ADJ
fsr-3267	39	26	default	default	NOUN
fsr-3267	39	27	risk	risk	NOUN
fsr-3267	39	28	)	)	PUNCT
fsr-3267	39	29	are	be	AUX
fsr-3267	39	30	more	more	ADV
fsr-3267	39	31	likely	likely	ADJ
fsr-3267	39	32	to	to	PART
fsr-3267	39	33	choose	choose	VERB
fsr-3267	39	34	mortgages	mortgage	NOUN
fsr-3267	39	35	with	with	ADP
fsr-3267	39	36	shorter	short	ADJ
fsr-3267	39	37	maturities	maturity	NOUN
fsr-3267	39	38	can	can	AUX
fsr-3267	39	39	be	be	AUX
fsr-3267	39	40	viewed	view	VERB
fsr-3267	39	41	as	as	ADP
fsr-3267	39	42	corroboration	corroboration	NOUN
fsr-3267	39	43	of	of	ADP
fsr-3267	39	44	the	the	DET
fsr-3267	39	45	first	first	ADJ
fsr-3267	39	46	part	part	NOUN
fsr-3267	39	47	of	of	ADP
fsr-3267	39	48	this	this	DET
fsr-3267	39	49	conjecture	conjecture	NOUN
fsr-3267	39	50	.	.	PUNCT
fsr-3267	40	1	empirical	empirical	ADJ
fsr-3267	40	2	evidence	evidence	NOUN
fsr-3267	40	3	on	on	ADP
fsr-3267	40	4	the	the	DET
fsr-3267	40	5	second	second	ADJ
fsr-3267	40	6	part	part	NOUN
fsr-3267	40	7	is	be	AUX
fsr-3267	40	8	mixed	mixed	ADJ
fsr-3267	40	9	,	,	PUNCT
fsr-3267	40	10	primarily	primarily	ADV
fsr-3267	40	11	because	because	SCONJ
fsr-3267	40	12	we	we	PRON
fsr-3267	40	13	can	can	AUX
fsr-3267	40	14	not	not	PART
fsr-3267	40	15	perform	perform	VERB
fsr-3267	40	16	true	true	ADJ
fsr-3267	40	17	experiments	experiment	NOUN
fsr-3267	40	18	,	,	PUNCT
fsr-3267	40	19	but	but	CCONJ
fsr-3267	40	20	must	must	AUX
fsr-3267	40	21	rely	rely	VERB
fsr-3267	40	22	on	on	ADP
fsr-3267	40	23	observational	observational	ADJ
fsr-3267	40	24	studies	study	NOUN
fsr-3267	40	25	.	.	PUNCT
fsr-3267	41	1	lenders	lender	NOUN
fsr-3267	41	2	can	can	AUX
fsr-3267	41	3	observe	observe	VERB
fsr-3267	41	4	part	part	NOUN
fsr-3267	41	5	of	of	ADP
fsr-3267	41	6	the	the	DET
fsr-3267	41	7	borrower	borrower	NOUN
fsr-3267	41	8	’s	’s	PART
fsr-3267	41	9	risk	risk	NOUN
fsr-3267	41	10	profile	profile	NOUN
fsr-3267	41	11	and	and	CCONJ
fsr-3267	41	12	insist	insist	VERB
fsr-3267	41	13	that	that	SCONJ
fsr-3267	41	14	high	high	ADJ
fsr-3267	41	15	-	-	PUNCT
fsr-3267	41	16	risk	risk	NOUN
fsr-3267	41	17	borrowers	borrower	NOUN
fsr-3267	41	18	make	make	VERB
fsr-3267	41	19	larger	large	ADJ
fsr-3267	41	20	down	down	ADP
fsr-3267	41	21	payments	payment	NOUN
fsr-3267	41	22	.	.	PUNCT
fsr-3267	42	1	thus	thus	ADV
fsr-3267	42	2	,	,	PUNCT
fsr-3267	42	3	88	88	NUM
fsr-3267	42	4	j.	j.	PROPN
fsr-3267	42	5	musumeci	musumeci	PROPN
fsr-3267	42	6	/	/	SYM
fsr-3267	42	7	financial	financial	ADJ
fsr-3267	42	8	services	service	NOUN
fsr-3267	42	9	review	review	VERB
fsr-3267	42	10	25	25	NUM
fsr-3267	42	11	(	(	PUNCT
fsr-3267	42	12	2016	2016	NUM
fsr-3267	42	13	)	)	PUNCT
fsr-3267	42	14	87–104	87–104	PROPN
fsr-3267	42	15	studies	study	NOUN
fsr-3267	42	16	of	of	ADP
fsr-3267	42	17	the	the	DET
fsr-3267	42	18	relation	relation	NOUN
fsr-3267	42	19	between	between	ADP
fsr-3267	42	20	down	down	ADP
fsr-3267	42	21	payment	payment	NOUN
fsr-3267	42	22	and	and	CCONJ
fsr-3267	42	23	default	default	NOUN
fsr-3267	42	24	likelihood	likelihood	NOUN
fsr-3267	42	25	are	be	AUX
fsr-3267	42	26	complicated	complicate	VERB
fsr-3267	42	27	by	by	ADP
fsr-3267	42	28	endogeneity	endogeneity	NOUN
fsr-3267	42	29	problems	problem	NOUN
fsr-3267	42	30	(	(	PUNCT
fsr-3267	42	31	as	as	SCONJ
fsr-3267	42	32	discussed	discuss	VERB
fsr-3267	42	33	in	in	ADP
fsr-3267	42	34	harrison	harrison	PROPN
fsr-3267	42	35	,	,	PUNCT
fsr-3267	42	36	noordewier	noordewier	NOUN
fsr-3267	42	37	,	,	PUNCT
fsr-3267	42	38	and	and	CCONJ
fsr-3267	42	39	yavas	yavas	PROPN
fsr-3267	42	40	(	(	PUNCT
fsr-3267	42	41	2004	2004	NUM
fsr-3267	42	42	)	)	PUNCT
fsr-3267	42	43	.	.	PUNCT
fsr-3267	43	1	many	many	ADJ
fsr-3267	43	2	financial	financial	ADJ
fsr-3267	43	3	transactions	transaction	NOUN
fsr-3267	43	4	generate	generate	VERB
fsr-3267	43	5	an	an	DET
fsr-3267	43	6	economy	economy	NOUN
fsr-3267	43	7	of	of	ADP
fsr-3267	43	8	scale	scale	NOUN
fsr-3267	43	9	that	that	PRON
fsr-3267	43	10	translates	translate	VERB
fsr-3267	43	11	into	into	ADP
fsr-3267	43	12	better	well	ADJ
fsr-3267	43	13	consumer	consumer	NOUN
fsr-3267	43	14	rates	rate	NOUN
fsr-3267	43	15	for	for	ADP
fsr-3267	43	16	larger	large	ADJ
fsr-3267	43	17	amounts	amount	NOUN
fsr-3267	43	18	.	.	PUNCT
fsr-3267	44	1	for	for	ADP
fsr-3267	44	2	example	example	NOUN
fsr-3267	44	3	,	,	PUNCT
fsr-3267	44	4	cd	cd	PROPN
fsr-3267	44	5	rates	rate	NOUN
fsr-3267	44	6	are	be	AUX
fsr-3267	44	7	typically	typically	ADV
fsr-3267	44	8	greater	great	ADJ
fsr-3267	44	9	if	if	SCONJ
fsr-3267	44	10	the	the	DET
fsr-3267	44	11	customer	customer	NOUN
fsr-3267	44	12	is	be	AUX
fsr-3267	44	13	willing	willing	ADJ
fsr-3267	44	14	to	to	PART
fsr-3267	44	15	commit	commit	VERB
fsr-3267	44	16	a	a	DET
fsr-3267	44	17	larger	large	ADJ
fsr-3267	44	18	amount	amount	NOUN
fsr-3267	44	19	of	of	ADP
fsr-3267	44	20	money	money	NOUN
fsr-3267	44	21	.	.	PUNCT
fsr-3267	45	1	mortgages	mortgage	NOUN
fsr-3267	45	2	have	have	VERB
fsr-3267	45	3	the	the	DET
fsr-3267	45	4	opposite	opposite	ADJ
fsr-3267	45	5	characteristic	characteristic	NOUN
fsr-3267	45	6	:	:	PUNCT
fsr-3267	45	7	conforming	conform	VERB
fsr-3267	45	8	loans	loan	NOUN
fsr-3267	45	9	are	be	AUX
fsr-3267	45	10	only	only	ADV
fsr-3267	45	11	available	available	ADJ
fsr-3267	45	12	up	up	ADP
fsr-3267	45	13	to	to	ADP
fsr-3267	45	14	a	a	DET
fsr-3267	45	15	specified	specify	VERB
fsr-3267	45	16	amount	amount	NOUN
fsr-3267	45	17	that	that	PRON
fsr-3267	45	18	depends	depend	VERB
fsr-3267	45	19	on	on	ADP
fsr-3267	45	20	the	the	DET
fsr-3267	45	21	average	average	ADJ
fsr-3267	45	22	house	house	NOUN
fsr-3267	45	23	price	price	NOUN
fsr-3267	45	24	in	in	ADP
fsr-3267	45	25	the	the	DET
fsr-3267	45	26	area	area	NOUN
fsr-3267	45	27	,	,	PUNCT
fsr-3267	45	28	and	and	CCONJ
fsr-3267	45	29	mortgages	mortgage	NOUN
fsr-3267	45	30	above	above	ADP
fsr-3267	45	31	that	that	DET
fsr-3267	45	32	threshold	threshold	NOUN
fsr-3267	45	33	are	be	AUX
fsr-3267	45	34	classified	classify	VERB
fsr-3267	45	35	as	as	ADP
fsr-3267	45	36	jumbo	jumbo	ADJ
fsr-3267	45	37	mortgages	mortgage	NOUN
fsr-3267	45	38	and	and	CCONJ
fsr-3267	45	39	typically	typically	ADV
fsr-3267	45	40	charged	charge	VERB
fsr-3267	45	41	a	a	DET
fsr-3267	45	42	higher	high	ADJ
fsr-3267	45	43	rate	rate	NOUN
fsr-3267	45	44	.	.	PUNCT
fsr-3267	46	1	the	the	DET
fsr-3267	46	2	reason	reason	NOUN
fsr-3267	46	3	is	be	AUX
fsr-3267	46	4	that	that	SCONJ
fsr-3267	46	5	most	most	ADJ
fsr-3267	46	6	loans	loan	NOUN
fsr-3267	46	7	are	be	AUX
fsr-3267	46	8	pooled	pool	VERB
fsr-3267	46	9	into	into	ADP
fsr-3267	46	10	diversified	diversified	ADJ
fsr-3267	46	11	portfolios	portfolio	NOUN
fsr-3267	46	12	of	of	ADP
fsr-3267	46	13	mortgages	mortgage	NOUN
fsr-3267	46	14	and	and	CCONJ
fsr-3267	46	15	sold	sell	VERB
fsr-3267	46	16	,	,	PUNCT
fsr-3267	46	17	and	and	CCONJ
fsr-3267	46	18	a	a	DET
fsr-3267	46	19	larger	large	ADJ
fsr-3267	46	20	loan	loan	NOUN
fsr-3267	46	21	makes	make	VERB
fsr-3267	46	22	it	it	PRON
fsr-3267	46	23	more	more	ADV
fsr-3267	46	24	difficult	difficult	ADJ
fsr-3267	46	25	to	to	PART
fsr-3267	46	26	diversify	diversify	VERB
fsr-3267	46	27	the	the	DET
fsr-3267	46	28	portfolio	portfolio	NOUN
fsr-3267	46	29	.	.	PUNCT
fsr-3267	47	1	in	in	ADP
fsr-3267	47	2	the	the	DET
fsr-3267	47	3	remaining	remain	VERB
fsr-3267	47	4	sections	section	NOUN
fsr-3267	47	5	,	,	PUNCT
fsr-3267	47	6	we	we	PRON
fsr-3267	47	7	evaluate	evaluate	VERB
fsr-3267	47	8	the	the	DET
fsr-3267	47	9	borrower	borrower	NOUN
fsr-3267	47	10	’s	’s	PART
fsr-3267	47	11	choice	choice	NOUN
fsr-3267	47	12	between	between	ADP
fsr-3267	47	13	a	a	DET
fsr-3267	47	14	jumbo	jumbo	NOUN
fsr-3267	47	15	and	and	CCONJ
fsr-3267	47	16	a	a	DET
fsr-3267	47	17	conforming	conform	VERB
fsr-3267	47	18	mortgage	mortgage	NOUN
fsr-3267	47	19	,	,	PUNCT
fsr-3267	47	20	and	and	CCONJ
fsr-3267	47	21	that	that	SCONJ
fsr-3267	47	22	between	between	ADP
fsr-3267	47	23	a	a	DET
fsr-3267	47	24	15	15	NUM
fsr-3267	47	25	-	-	PUNCT
fsr-3267	47	26	year	year	NOUN
fsr-3267	47	27	and	and	CCONJ
fsr-3267	47	28	a	a	DET
fsr-3267	47	29	30	30	NUM
fsr-3267	47	30	-	-	PUNCT
fsr-3267	47	31	year	year	NOUN
fsr-3267	47	32	mortgage	mortgage	NOUN
fsr-3267	47	33	.	.	PUNCT
fsr-3267	48	1	without	without	ADP
fsr-3267	48	2	loss	loss	NOUN
fsr-3267	48	3	of	of	ADP
fsr-3267	48	4	generality	generality	NOUN
fsr-3267	48	5	,	,	PUNCT
fsr-3267	48	6	we	we	PRON
fsr-3267	48	7	assume	assume	VERB
fsr-3267	48	8	that	that	SCONJ
fsr-3267	48	9	interest	interest	NOUN
fsr-3267	48	10	rates	rate	NOUN
fsr-3267	48	11	are	be	AUX
fsr-3267	48	12	sufficiently	sufficiently	ADV
fsr-3267	48	13	low	low	ADJ
fsr-3267	48	14	that	that	SCONJ
fsr-3267	48	15	the	the	DET
fsr-3267	48	16	mortgagor	mortgagor	NOUN
fsr-3267	48	17	’s	’s	PART
fsr-3267	48	18	option	option	NOUN
fsr-3267	48	19	to	to	PART
fsr-3267	48	20	refinance	refinance	NOUN
fsr-3267	48	21	has	have	VERB
fsr-3267	48	22	a	a	DET
fsr-3267	48	23	value	value	NOUN
fsr-3267	48	24	sufficiently	sufficiently	ADV
fsr-3267	48	25	small	small	ADJ
fsr-3267	48	26	that	that	SCONJ
fsr-3267	48	27	the	the	DET
fsr-3267	48	28	borrower	borrower	NOUN
fsr-3267	48	29	can	can	AUX
fsr-3267	48	30	ignore	ignore	VERB
fsr-3267	48	31	it	it	PRON
fsr-3267	48	32	(	(	PUNCT
fsr-3267	48	33	or	or	CCONJ
fsr-3267	48	34	,	,	PUNCT
fsr-3267	48	35	alternatively	alternatively	ADV
fsr-3267	48	36	,	,	PUNCT
fsr-3267	48	37	that	that	SCONJ
fsr-3267	48	38	interest	interest	NOUN
fsr-3267	48	39	rates	rate	NOUN
fsr-3267	48	40	are	be	AUX
fsr-3267	48	41	very	very	ADV
fsr-3267	48	42	stable	stable	ADJ
fsr-3267	48	43	,	,	PUNCT
fsr-3267	48	44	in	in	ADP
fsr-3267	48	45	which	which	DET
fsr-3267	48	46	case	case	NOUN
fsr-3267	48	47	the	the	DET
fsr-3267	48	48	option	option	NOUN
fsr-3267	48	49	to	to	PART
fsr-3267	48	50	refinance	refinance	NOUN
fsr-3267	48	51	is	be	AUX
fsr-3267	48	52	also	also	ADV
fsr-3267	48	53	small	small	ADJ
fsr-3267	48	54	)	)	PUNCT
fsr-3267	48	55	,	,	PUNCT
fsr-3267	48	56	and	and	CCONJ
fsr-3267	48	57	similarly	similarly	ADV
fsr-3267	48	58	we	we	PRON
fsr-3267	48	59	assume	assume	VERB
fsr-3267	48	60	that	that	SCONJ
fsr-3267	48	61	the	the	DET
fsr-3267	48	62	borrower	borrower	NOUN
fsr-3267	48	63	ignores	ignore	VERB
fsr-3267	48	64	her	her	PRON
fsr-3267	48	65	option	option	NOUN
fsr-3267	48	66	to	to	PART
fsr-3267	48	67	default	default	VERB
fsr-3267	48	68	(	(	PUNCT
fsr-3267	48	69	presumably	presumably	ADV
fsr-3267	48	70	based	base	VERB
fsr-3267	48	71	on	on	ADP
fsr-3267	48	72	personal	personal	ADJ
fsr-3267	48	73	information	information	NOUN
fsr-3267	48	74	that	that	SCONJ
fsr-3267	48	75	this	this	DET
fsr-3267	48	76	option	option	NOUN
fsr-3267	48	77	will	will	AUX
fsr-3267	48	78	not	not	PART
fsr-3267	48	79	be	be	AUX
fsr-3267	48	80	,	,	PUNCT
fsr-3267	48	81	or	or	CCONJ
fsr-3267	48	82	is	be	AUX
fsr-3267	48	83	at	at	ADP
fsr-3267	48	84	least	least	ADJ
fsr-3267	48	85	very	very	ADV
fsr-3267	48	86	unlikely	unlikely	ADJ
fsr-3267	48	87	to	to	PART
fsr-3267	48	88	be	be	AUX
fsr-3267	48	89	,	,	PUNCT
fsr-3267	48	90	exercised	exercise	VERB
fsr-3267	48	91	)	)	PUNCT
fsr-3267	48	92	.	.	PUNCT
fsr-3267	49	1	these	these	DET
fsr-3267	49	2	assumptions	assumption	NOUN
fsr-3267	49	3	are	be	AUX
fsr-3267	49	4	made	make	VERB
fsr-3267	49	5	for	for	ADP
fsr-3267	49	6	convenience	convenience	NOUN
fsr-3267	49	7	only	only	ADV
fsr-3267	49	8	:	:	PUNCT
fsr-3267	49	9	even	even	ADV
fsr-3267	49	10	in	in	ADP
fsr-3267	49	11	their	their	PRON
fsr-3267	49	12	absence	absence	NOUN
fsr-3267	49	13	,	,	PUNCT
fsr-3267	49	14	our	our	PRON
fsr-3267	49	15	analysis	analysis	NOUN
fsr-3267	49	16	can	can	AUX
fsr-3267	49	17	be	be	AUX
fsr-3267	49	18	viewed	view	VERB
fsr-3267	49	19	as	as	ADP
fsr-3267	49	20	an	an	DET
fsr-3267	49	21	assessment	assessment	NOUN
fsr-3267	49	22	of	of	ADP
fsr-3267	49	23	the	the	DET
fsr-3267	49	24	benefit	benefit	NOUN
fsr-3267	49	25	the	the	DET
fsr-3267	49	26	mortgagor	mortgagor	NOUN
fsr-3267	49	27	obtains	obtain	VERB
fsr-3267	49	28	by	by	ADP
fsr-3267	49	29	voluntarily	voluntarily	ADV
fsr-3267	49	30	reducing	reduce	VERB
fsr-3267	49	31	the	the	DET
fsr-3267	49	32	value	value	NOUN
fsr-3267	49	33	of	of	ADP
fsr-3267	49	34	these	these	DET
fsr-3267	49	35	options	option	NOUN
fsr-3267	49	36	.	.	PUNCT
fsr-3267	50	1	finally	finally	ADV
fsr-3267	50	2	,	,	PUNCT
fsr-3267	50	3	we	we	PRON
fsr-3267	50	4	assume	assume	VERB
fsr-3267	50	5	the	the	DET
fsr-3267	50	6	borrower	borrower	NOUN
fsr-3267	50	7	swaps	swap	VERB
fsr-3267	50	8	mortgages	mortgage	NOUN
fsr-3267	50	9	(	(	PUNCT
fsr-3267	50	10	jumbo	jumbo	NOUN
fsr-3267	50	11	for	for	ADP
fsr-3267	50	12	conforming	conforming	NOUN
fsr-3267	50	13	and	and	CCONJ
fsr-3267	50	14	30	30	NUM
fsr-3267	50	15	-	-	PUNCT
fsr-3267	50	16	year	year	NOUN
fsr-3267	50	17	for	for	ADP
fsr-3267	50	18	15	15	NUM
fsr-3267	50	19	-	-	PUNCT
fsr-3267	50	20	year	year	NOUN
fsr-3267	50	21	)	)	PUNCT
fsr-3267	50	22	and	and	CCONJ
fsr-3267	50	23	then	then	ADV
fsr-3267	50	24	we	we	PRON
fsr-3267	50	25	compare	compare	VERB
fsr-3267	50	26	marginal	marginal	ADJ
fsr-3267	50	27	cash	cash	NOUN
fsr-3267	50	28	flows	flow	NOUN
fsr-3267	50	29	as	as	ADP
fsr-3267	50	30	the	the	DET
fsr-3267	50	31	mortgagor	mortgagor	ADJ
fsr-3267	50	32	moves	move	NOUN
fsr-3267	50	33	from	from	ADP
fsr-3267	50	34	one	one	NUM
fsr-3267	50	35	type	type	NOUN
fsr-3267	50	36	of	of	ADP
fsr-3267	50	37	mortgage	mortgage	NOUN
fsr-3267	50	38	to	to	ADP
fsr-3267	50	39	the	the	DET
fsr-3267	50	40	other	other	ADJ
fsr-3267	50	41	.	.	PUNCT
fsr-3267	51	1	2	2	X
fsr-3267	51	2	.	.	X
fsr-3267	51	3	jumbo	jumbo	NOUN
fsr-3267	51	4	versus	versus	ADP
fsr-3267	51	5	conforming	conform	VERB
fsr-3267	51	6	mortgages	mortgage	NOUN
fsr-3267	51	7	jumbo	jumbo	ADJ
fsr-3267	51	8	rates	rate	NOUN
fsr-3267	51	9	generally	generally	ADV
fsr-3267	51	10	exceed	exceed	VERB
fsr-3267	51	11	conforming	conforming	NOUN
fsr-3267	51	12	rates	rate	NOUN
fsr-3267	51	13	.	.	PUNCT
fsr-3267	52	1	according	accord	VERB
fsr-3267	52	2	to	to	ADP
fsr-3267	52	3	the	the	DET
fsr-3267	52	4	bloomberg	bloomberg	NOUN
fsr-3267	52	5	website	website	NOUN
fsr-3267	52	6	as	as	ADP
fsr-3267	52	7	of	of	ADP
fsr-3267	52	8	august	august	PROPN
fsr-3267	52	9	,	,	PUNCT
fsr-3267	52	10	2015	2015	NUM
fsr-3267	52	11	,	,	PUNCT
fsr-3267	52	12	the	the	DET
fsr-3267	52	13	gap	gap	NOUN
fsr-3267	52	14	for	for	ADP
fsr-3267	52	15	30	30	NUM
fsr-3267	52	16	-	-	PUNCT
fsr-3267	52	17	year	year	NOUN
fsr-3267	52	18	mortgages	mortgage	NOUN
fsr-3267	52	19	is	be	AUX
fsr-3267	52	20	about	about	ADV
fsr-3267	52	21	38	38	NUM
fsr-3267	52	22	basis	basis	NOUN
fsr-3267	52	23	points	point	NOUN
fsr-3267	52	24	(	(	PUNCT
fsr-3267	52	25	4.24	4.24	NUM
fsr-3267	52	26	%	%	NOUN
fsr-3267	52	27	vs.	vs.	ADP
fsr-3267	52	28	3.86	3.86	NUM
fsr-3267	52	29	%	%	NOUN
fsr-3267	52	30	)	)	PUNCT
fsr-3267	52	31	.	.	PUNCT
fsr-3267	53	1	however	however	ADV
fsr-3267	53	2	,	,	PUNCT
fsr-3267	53	3	as	as	ADV
fsr-3267	53	4	recently	recently	ADV
fsr-3267	53	5	as	as	ADP
fsr-3267	53	6	early	early	ADJ
fsr-3267	53	7	march	march	NOUN
fsr-3267	53	8	,	,	PUNCT
fsr-3267	53	9	2013	2013	NUM
fsr-3267	53	10	,	,	PUNCT
fsr-3267	53	11	the	the	DET
fsr-3267	53	12	gap	gap	NOUN
fsr-3267	53	13	was	be	AUX
fsr-3267	53	14	closer	close	ADJ
fsr-3267	53	15	to	to	ADP
fsr-3267	53	16	50	50	NUM
fsr-3267	53	17	basis	basis	NOUN
fsr-3267	53	18	points	point	NOUN
fsr-3267	53	19	(	(	PUNCT
fsr-3267	53	20	4.20	4.20	NUM
fsr-3267	53	21	%	%	NOUN
fsr-3267	53	22	vs.	vs.	ADP
fsr-3267	53	23	3.70	3.70	NUM
fsr-3267	53	24	%	%	NOUN
fsr-3267	53	25	)	)	PUNCT
fsr-3267	53	26	.	.	PUNCT
fsr-3267	54	1	these	these	PRON
fsr-3267	54	2	seem	seem	VERB
fsr-3267	54	3	typical	typical	ADJ
fsr-3267	54	4	;	;	PUNCT
fsr-3267	54	5	cotterman	cotterman	NOUN
fsr-3267	54	6	and	and	CCONJ
fsr-3267	54	7	pearce	pearce	PROPN
fsr-3267	54	8	(	(	PUNCT
fsr-3267	54	9	1996	1996	NUM
fsr-3267	54	10	)	)	PUNCT
fsr-3267	54	11	report	report	NOUN
fsr-3267	54	12	that	that	SCONJ
fsr-3267	54	13	the	the	DET
fsr-3267	54	14	spread	spread	NOUN
fsr-3267	54	15	between	between	ADP
fsr-3267	54	16	jumbo	jumbo	ADJ
fsr-3267	54	17	mortgages	mortgage	NOUN
fsr-3267	54	18	and	and	CCONJ
fsr-3267	54	19	conforming	conform	VERB
fsr-3267	54	20	loans	loan	NOUN
fsr-3267	54	21	ranges	range	VERB
fsr-3267	54	22	between	between	ADP
fsr-3267	54	23	15	15	NUM
fsr-3267	54	24	and	and	CCONJ
fsr-3267	54	25	60	60	NUM
fsr-3267	54	26	basis	basis	NOUN
fsr-3267	54	27	points	point	NOUN
fsr-3267	54	28	.	.	PUNCT
fsr-3267	55	1	thus	thus	ADV
fsr-3267	55	2	,	,	PUNCT
fsr-3267	55	3	an	an	DET
fsr-3267	55	4	issue	issue	NOUN
fsr-3267	55	5	that	that	SCONJ
fsr-3267	55	6	many	many	ADJ
fsr-3267	55	7	borrowers	borrower	NOUN
fsr-3267	55	8	face	face	VERB
fsr-3267	55	9	is	be	AUX
fsr-3267	55	10	whether	whether	SCONJ
fsr-3267	55	11	it	it	PRON
fsr-3267	55	12	is	be	AUX
fsr-3267	55	13	worthwhile	worthwhile	ADJ
fsr-3267	55	14	to	to	PART
fsr-3267	55	15	try	try	VERB
fsr-3267	55	16	to	to	PART
fsr-3267	55	17	come	come	VERB
fsr-3267	55	18	up	up	ADP
fsr-3267	55	19	with	with	ADP
fsr-3267	55	20	a	a	DET
fsr-3267	55	21	larger	large	ADJ
fsr-3267	55	22	down	down	ADP
fsr-3267	55	23	payment	payment	NOUN
fsr-3267	55	24	to	to	PART
fsr-3267	55	25	avoid	avoid	VERB
fsr-3267	55	26	a	a	DET
fsr-3267	55	27	jumbo	jumbo	ADJ
fsr-3267	55	28	mortgage	mortgage	NOUN
fsr-3267	55	29	’s	’s	PART
fsr-3267	55	30	premium	premium	NOUN
fsr-3267	55	31	.	.	PUNCT
fsr-3267	56	1	the	the	DET
fsr-3267	56	2	higher	high	ADJ
fsr-3267	56	3	rate	rate	NOUN
fsr-3267	56	4	on	on	ADP
fsr-3267	56	5	a	a	DET
fsr-3267	56	6	jumbo	jumbo	ADJ
fsr-3267	56	7	mortgage	mortgage	NOUN
fsr-3267	56	8	is	be	AUX
fsr-3267	56	9	charged	charge	VERB
fsr-3267	56	10	on	on	ADP
fsr-3267	56	11	the	the	DET
fsr-3267	56	12	entire	entire	ADJ
fsr-3267	56	13	loan	loan	NOUN
fsr-3267	56	14	amount	amount	NOUN
fsr-3267	56	15	,	,	PUNCT
fsr-3267	56	16	not	not	PART
fsr-3267	56	17	just	just	ADV
fsr-3267	56	18	on	on	ADP
fsr-3267	56	19	the	the	DET
fsr-3267	56	20	excess	excess	NOUN
fsr-3267	56	21	over	over	ADP
fsr-3267	56	22	the	the	DET
fsr-3267	56	23	threshold	threshold	NOUN
fsr-3267	56	24	.	.	PUNCT
fsr-3267	57	1	this	this	PRON
fsr-3267	57	2	leads	lead	VERB
fsr-3267	57	3	to	to	ADP
fsr-3267	57	4	a	a	DET
fsr-3267	57	5	very	very	ADV
fsr-3267	57	6	high	high	ADJ
fsr-3267	57	7	marginal	marginal	ADJ
fsr-3267	57	8	interest	interest	NOUN
fsr-3267	57	9	rate	rate	NOUN
fsr-3267	57	10	when	when	SCONJ
fsr-3267	57	11	a	a	DET
fsr-3267	57	12	mortgage	mortgage	NOUN
fsr-3267	57	13	exceeds	exceed	VERB
fsr-3267	57	14	the	the	DET
fsr-3267	57	15	threshold	threshold	NOUN
fsr-3267	57	16	by	by	ADP
fsr-3267	57	17	only	only	ADV
fsr-3267	57	18	a	a	DET
fsr-3267	57	19	slight	slight	ADJ
fsr-3267	57	20	amount	amount	NOUN
fsr-3267	57	21	.	.	PUNCT
fsr-3267	58	1	one	one	NUM
fsr-3267	58	2	way	way	NOUN
fsr-3267	58	3	to	to	PART
fsr-3267	58	4	assess	assess	VERB
fsr-3267	58	5	this	this	DET
fsr-3267	58	6	marginal	marginal	ADJ
fsr-3267	58	7	rate	rate	NOUN
fsr-3267	58	8	is	be	AUX
fsr-3267	58	9	to	to	PART
fsr-3267	58	10	think	think	VERB
fsr-3267	58	11	of	of	ADP
fsr-3267	58	12	a	a	DET
fsr-3267	58	13	jumbo	jumbo	ADJ
fsr-3267	58	14	loan	loan	NOUN
fsr-3267	58	15	in	in	ADP
fsr-3267	58	16	the	the	DET
fsr-3267	58	17	amount	amount	NOUN
fsr-3267	58	18	of	of	ADP
fsr-3267	58	19	j	j	PROPN
fsr-3267	58	20	dollars	dollar	NOUN
fsr-3267	58	21	as	as	ADP
fsr-3267	58	22	a	a	DET
fsr-3267	58	23	combination	combination	NOUN
fsr-3267	58	24	of	of	ADP
fsr-3267	58	25	the	the	DET
fsr-3267	58	26	maximal	maximal	ADJ
fsr-3267	58	27	amount	amount	NOUN
fsr-3267	58	28	for	for	ADP
fsr-3267	58	29	a	a	DET
fsr-3267	58	30	conforming	conform	VERB
fsr-3267	58	31	loan	loan	NOUN
fsr-3267	58	32	,	,	PUNCT
fsr-3267	58	33	c	c	NOUN
fsr-3267	58	34	,	,	PUNCT
fsr-3267	58	35	plus	plus	CCONJ
fsr-3267	58	36	a	a	DET
fsr-3267	58	37	marginal	marginal	ADJ
fsr-3267	58	38	loan	loan	NOUN
fsr-3267	58	39	amount	amount	NOUN
fsr-3267	58	40	,	,	PUNCT
fsr-3267	58	41	m	m	PRON
fsr-3267	58	42	,	,	PUNCT
fsr-3267	58	43	at	at	ADP
fsr-3267	58	44	the	the	DET
fsr-3267	58	45	marginal	marginal	ADJ
fsr-3267	58	46	rate	rate	NOUN
fsr-3267	58	47	,	,	PUNCT
fsr-3267	58	48	as	as	ADP
fsr-3267	58	49	in	in	ADP
fsr-3267	58	50	fig	fig	NOUN
fsr-3267	58	51	.	.	PUNCT
fsr-3267	59	1	1	1	X
fsr-3267	59	2	.	.	X
fsr-3267	60	1	if	if	SCONJ
fsr-3267	60	2	the	the	DET
fsr-3267	60	3	rate	rate	NOUN
fsr-3267	60	4	on	on	ADP
fsr-3267	60	5	the	the	DET
fsr-3267	60	6	jumbo	jumbo	ADJ
fsr-3267	60	7	loan	loan	NOUN
fsr-3267	60	8	is	be	AUX
fsr-3267	60	9	rj	rj	PROPN
fsr-3267	60	10	,	,	PUNCT
fsr-3267	60	11	then	then	ADV
fsr-3267	60	12	rj	rj	PROPN
fsr-3267	60	13	is	be	AUX
fsr-3267	60	14	approximately	approximately	ADV
fsr-3267	60	15	equal	equal	ADJ
fsr-3267	60	16	to	to	ADP
fsr-3267	60	17	a	a	DET
fsr-3267	60	18	weighted	weighted	ADJ
fsr-3267	60	19	average	average	NOUN
fsr-3267	60	20	of	of	ADP
fsr-3267	60	21	the	the	DET
fsr-3267	60	22	rate	rate	NOUN
fsr-3267	60	23	on	on	ADP
fsr-3267	60	24	the	the	DET
fsr-3267	60	25	conforming	conform	VERB
fsr-3267	60	26	loan	loan	NOUN
fsr-3267	60	27	,	,	PUNCT
fsr-3267	60	28	rc	rc	PROPN
fsr-3267	60	29	,	,	PUNCT
fsr-3267	60	30	and	and	CCONJ
fsr-3267	60	31	the	the	DET
fsr-3267	60	32	rate	rate	NOUN
fsr-3267	60	33	on	on	ADP
fsr-3267	60	34	the	the	DET
fsr-3267	60	35	marginal	marginal	ADJ
fsr-3267	60	36	amount	amount	NOUN
fsr-3267	60	37	,	,	PUNCT
fsr-3267	60	38	rm	rm	NOUN
fsr-3267	60	39	,	,	PUNCT
fsr-3267	60	40	or	or	CCONJ
fsr-3267	60	41	rj	rj	PROPN
fsr-3267	60	42	�	�	PROPN
fsr-3267	60	43	c	c	PROPN
fsr-3267	60	44	c	c	PROPN
fsr-3267	60	45	�	�	PROPN
fsr-3267	60	46	m	m	PROPN
fsr-3267	60	47	rc	rc	PROPN
fsr-3267	60	48	�	�	PROPN
fsr-3267	60	49	m	m	PROPN
fsr-3267	60	50	c	c	PROPN
fsr-3267	60	51	�	�	PROPN
fsr-3267	60	52	m	m	NOUN
fsr-3267	60	53	rm.1	rm.1	ADJ
fsr-3267	60	54	solving	solving	NOUN
fsr-3267	60	55	for	for	ADP
fsr-3267	60	56	rm	rm	PROPN
fsr-3267	60	57	gives	give	VERB
fsr-3267	60	58	us	we	PRON
fsr-3267	60	59	rm	rm	PROPN
fsr-3267	60	60	�	�	PROPN
fsr-3267	60	61	rj	rj	PROPN
fsr-3267	60	62	�	�	PROPN
fsr-3267	60	63	c	c	PROPN
fsr-3267	60	64	m	m	PROPN
fsr-3267	60	65	�	�	PROPN
fsr-3267	60	66	rj	rj	PROPN
fsr-3267	60	67	�	�	PROPN
fsr-3267	60	68	rc	rc	PROPN
fsr-3267	60	69	�	�	PROPN
fsr-3267	60	70	.	.	PUNCT
fsr-3267	61	1	because	because	SCONJ
fsr-3267	61	2	rj	rj	PROPN
fsr-3267	61	3	�	�	PROPN
fsr-3267	61	4	rc	rc	PROPN
fsr-3267	61	5	,	,	PUNCT
fsr-3267	61	6	the	the	DET
fsr-3267	61	7	marginal	marginal	ADJ
fsr-3267	61	8	interest	interest	NOUN
fsr-3267	61	9	rate	rate	NOUN
fsr-3267	61	10	rm	rm	PROPN
fsr-3267	61	11	will	will	AUX
fsr-3267	61	12	always	always	ADV
fsr-3267	61	13	exceed	exceed	VERB
fsr-3267	61	14	the	the	DET
fsr-3267	61	15	jumbo	jumbo	ADJ
fsr-3267	61	16	rate	rate	NOUN
fsr-3267	61	17	.	.	PUNCT
fsr-3267	62	1	furthermore	furthermore	ADV
fsr-3267	62	2	,	,	PUNCT
fsr-3267	62	3	because	because	SCONJ
fsr-3267	62	4	this	this	DET
fsr-3267	62	5	second	second	ADJ
fsr-3267	62	6	term	term	NOUN
fsr-3267	62	7	increases	increase	NOUN
fsr-3267	62	8	without	without	ADP
fsr-3267	62	9	bound	bind	VERB
fsr-3267	62	10	when	when	SCONJ
fsr-3267	62	11	m	m	NOUN
fsr-3267	62	12	approaches	approach	VERB
fsr-3267	62	13	zero	zero	NUM
fsr-3267	62	14	,	,	PUNCT
fsr-3267	62	15	the	the	DET
fsr-3267	62	16	89j	89j	NOUN
fsr-3267	62	17	.	.	PUNCT
fsr-3267	63	1	musumeci	musumeci	PROPN
fsr-3267	63	2	/	/	SYM
fsr-3267	63	3	financial	financial	ADJ
fsr-3267	63	4	services	service	NOUN
fsr-3267	63	5	review	review	VERB
fsr-3267	63	6	25	25	NUM
fsr-3267	63	7	(	(	PUNCT
fsr-3267	63	8	2016	2016	NUM
fsr-3267	63	9	)	)	PUNCT
fsr-3267	63	10	87–104	87–104	PROPN
fsr-3267	63	11	marginal	marginal	ADJ
fsr-3267	63	12	rate	rate	NOUN
fsr-3267	63	13	rm	rm	PROPN
fsr-3267	63	14	is	be	AUX
fsr-3267	63	15	very	very	ADV
fsr-3267	63	16	high	high	ADJ
fsr-3267	63	17	when	when	SCONJ
fsr-3267	63	18	the	the	DET
fsr-3267	63	19	threshold	threshold	NOUN
fsr-3267	63	20	is	be	AUX
fsr-3267	63	21	exceeded	exceed	VERB
fsr-3267	63	22	by	by	ADP
fsr-3267	63	23	only	only	ADV
fsr-3267	63	24	a	a	DET
fsr-3267	63	25	small	small	ADJ
fsr-3267	63	26	amount	amount	NOUN
fsr-3267	63	27	.	.	PUNCT
fsr-3267	64	1	consider	consider	VERB
fsr-3267	64	2	,	,	PUNCT
fsr-3267	64	3	for	for	ADP
fsr-3267	64	4	example	example	NOUN
fsr-3267	64	5	,	,	PUNCT
fsr-3267	64	6	a	a	DET
fsr-3267	64	7	$	$	SYM
fsr-3267	64	8	500,000	500,000	NUM
fsr-3267	64	9	threshold	threshold	NOUN
fsr-3267	64	10	for	for	ADP
fsr-3267	64	11	a	a	DET
fsr-3267	64	12	jumbo	jumbo	ADJ
fsr-3267	64	13	loan	loan	NOUN
fsr-3267	64	14	,	,	PUNCT
fsr-3267	64	15	and	and	CCONJ
fsr-3267	64	16	a	a	DET
fsr-3267	64	17	rate	rate	NOUN
fsr-3267	64	18	on	on	ADP
fsr-3267	64	19	a	a	DET
fsr-3267	64	20	jumbo	jumbo	ADJ
fsr-3267	64	21	loan	loan	NOUN
fsr-3267	64	22	is	be	AUX
fsr-3267	64	23	that	that	PRON
fsr-3267	64	24	is	be	AUX
fsr-3267	64	25	50	50	NUM
fsr-3267	64	26	basis	basis	NOUN
fsr-3267	64	27	points	point	NOUN
fsr-3267	64	28	higher	high	ADJ
fsr-3267	64	29	than	than	ADP
fsr-3267	64	30	the	the	DET
fsr-3267	64	31	conforming	conform	VERB
fsr-3267	64	32	loan	loan	NOUN
fsr-3267	64	33	rate	rate	NOUN
fsr-3267	64	34	of	of	ADP
fsr-3267	64	35	4.0	4.0	NUM
fsr-3267	64	36	%	%	NOUN
fsr-3267	64	37	.	.	PUNCT
fsr-3267	65	1	suppose	suppose	VERB
fsr-3267	65	2	also	also	ADV
fsr-3267	65	3	that	that	SCONJ
fsr-3267	65	4	a	a	DET
fsr-3267	65	5	borrower	borrower	NOUN
fsr-3267	65	6	takes	take	VERB
fsr-3267	65	7	out	out	ADP
fsr-3267	65	8	a	a	DET
fsr-3267	65	9	mortgage	mortgage	NOUN
fsr-3267	65	10	for	for	ADP
fsr-3267	65	11	$	$	SYM
fsr-3267	65	12	525,000	525,000	NUM
fsr-3267	65	13	.	.	PUNCT
fsr-3267	66	1	the	the	DET
fsr-3267	66	2	interest	interest	NOUN
fsr-3267	66	3	rate	rate	NOUN
fsr-3267	66	4	on	on	ADP
fsr-3267	66	5	the	the	DET
fsr-3267	66	6	marginal	marginal	ADJ
fsr-3267	66	7	$	$	SYM
fsr-3267	66	8	25,000	25,000	NUM
fsr-3267	66	9	in	in	ADP
fsr-3267	66	10	excess	excess	NOUN
fsr-3267	66	11	of	of	ADP
fsr-3267	66	12	the	the	DET
fsr-3267	66	13	threshold	threshold	NOUN
fsr-3267	66	14	is	be	AUX
fsr-3267	66	15	about	about	ADV
fsr-3267	66	16	4.5	4.5	NUM
fsr-3267	66	17	%	%	NOUN
fsr-3267	66	18	�	�	PROPN
fsr-3267	66	19	500,000	500,000	NUM
fsr-3267	66	20	25,000	25,000	NUM
fsr-3267	66	21	�	�	NUM
fsr-3267	66	22	4.5	4.5	NUM
fsr-3267	66	23	%	%	NOUN
fsr-3267	66	24	�	�	PROPN
fsr-3267	66	25	4.0	4.0	NUM
fsr-3267	66	26	%	%	NOUN
fsr-3267	66	27	�	�	PROPN
fsr-3267	66	28	�	�	PROPN
fsr-3267	66	29	14.5	14.5	NUM
fsr-3267	66	30	%	%	NOUN
fsr-3267	66	31	.	.	PUNCT
fsr-3267	67	1	this	this	PRON
fsr-3267	67	2	is	be	AUX
fsr-3267	67	3	a	a	DET
fsr-3267	67	4	very	very	ADV
fsr-3267	67	5	high	high	ADJ
fsr-3267	67	6	interest	interest	NOUN
fsr-3267	67	7	rate	rate	NOUN
fsr-3267	67	8	for	for	ADP
fsr-3267	67	9	a	a	DET
fsr-3267	67	10	relatively	relatively	ADV
fsr-3267	67	11	low	low	ADJ
fsr-3267	67	12	-	-	PUNCT
fsr-3267	67	13	risk	risk	NOUN
fsr-3267	67	14	endeavor	endeavor	NOUN
fsr-3267	67	15	,	,	PUNCT
fsr-3267	67	16	and	and	CCONJ
fsr-3267	67	17	strongly	strongly	ADV
fsr-3267	67	18	suggests	suggest	VERB
fsr-3267	67	19	that	that	SCONJ
fsr-3267	67	20	the	the	DET
fsr-3267	67	21	borrower	borrower	NOUN
fsr-3267	67	22	would	would	AUX
fsr-3267	67	23	be	be	AUX
fsr-3267	67	24	well	well	ADV
fsr-3267	67	25	advised	advise	VERB
fsr-3267	67	26	to	to	PART
fsr-3267	67	27	find	find	VERB
fsr-3267	67	28	some	some	DET
fsr-3267	67	29	alternate	alternate	ADJ
fsr-3267	67	30	way	way	NOUN
fsr-3267	67	31	to	to	PART
fsr-3267	67	32	come	come	VERB
fsr-3267	67	33	up	up	ADP
fsr-3267	67	34	with	with	ADP
fsr-3267	67	35	the	the	DET
fsr-3267	67	36	extra	extra	ADJ
fsr-3267	67	37	$	$	SYM
fsr-3267	67	38	25,000	25,000	NUM
fsr-3267	67	39	.	.	PUNCT
fsr-3267	68	1	for	for	ADP
fsr-3267	68	2	example	example	NOUN
fsr-3267	68	3	,	,	PUNCT
fsr-3267	68	4	ibbotson	ibbotson	PROPN
fsr-3267	68	5	and	and	CCONJ
fsr-3267	68	6	sinquefield	sinquefield	PROPN
fsr-3267	68	7	(	(	PUNCT
fsr-3267	68	8	2013	2013	NUM
fsr-3267	68	9	)	)	PUNCT
fsr-3267	68	10	report	report	NOUN
fsr-3267	68	11	that	that	SCONJ
fsr-3267	68	12	the	the	DET
fsr-3267	68	13	long	long	ADV
fsr-3267	68	14	-	-	PUNCT
fsr-3267	68	15	run	run	VERB
fsr-3267	68	16	historical	historical	ADJ
fsr-3267	68	17	nominal	nominal	ADJ
fsr-3267	68	18	geometric	geometric	ADJ
fsr-3267	68	19	mean	mean	NOUN
fsr-3267	68	20	return	return	NOUN
fsr-3267	68	21	on	on	ADP
fsr-3267	68	22	the	the	DET
fsr-3267	68	23	s&p	s&p	PROPN
fsr-3267	68	24	500	500	NUM
fsr-3267	68	25	has	have	AUX
fsr-3267	68	26	been	be	AUX
fsr-3267	68	27	only	only	ADV
fsr-3267	68	28	about	about	ADV
fsr-3267	68	29	9.8	9.8	NUM
fsr-3267	68	30	%	%	NOUN
fsr-3267	68	31	from	from	ADP
fsr-3267	68	32	1926	1926	NUM
fsr-3267	68	33	to	to	ADP
fsr-3267	68	34	2012	2012	NUM
fsr-3267	68	35	,	,	PUNCT
fsr-3267	68	36	and	and	CCONJ
fsr-3267	68	37	so	so	ADV
fsr-3267	68	38	by	by	ADP
fsr-3267	68	39	selling	sell	VERB
fsr-3267	68	40	$	$	SYM
fsr-3267	68	41	25,000	25,000	NUM
fsr-3267	68	42	worth	worth	NOUN
fsr-3267	68	43	of	of	ADP
fsr-3267	68	44	stock	stock	NOUN
fsr-3267	68	45	and	and	CCONJ
fsr-3267	68	46	adding	add	VERB
fsr-3267	68	47	the	the	DET
fsr-3267	68	48	proceeds	proceed	NOUN
fsr-3267	68	49	to	to	ADP
fsr-3267	68	50	the	the	DET
fsr-3267	68	51	down	down	ADJ
fsr-3267	68	52	payment	payment	NOUN
fsr-3267	68	53	,	,	PUNCT
fsr-3267	68	54	the	the	DET
fsr-3267	68	55	borrower	borrower	NOUN
fsr-3267	68	56	effectively	effectively	ADV
fsr-3267	68	57	swaps	swap	VERB
fsr-3267	68	58	a	a	DET
fsr-3267	68	59	risky	risky	ADJ
fsr-3267	68	60	9.8	9.8	NUM
fsr-3267	68	61	%	%	NOUN
fsr-3267	68	62	expected	expect	VERB
fsr-3267	68	63	return	return	NOUN
fsr-3267	68	64	for	for	ADP
fsr-3267	68	65	a	a	DET
fsr-3267	68	66	very	very	ADV
fsr-3267	68	67	low	low	ADJ
fsr-3267	68	68	-	-	PUNCT
fsr-3267	68	69	risk	risk	NOUN
fsr-3267	68	70	14.5	14.5	NUM
fsr-3267	68	71	%	%	NOUN
fsr-3267	68	72	savings	saving	NOUN
fsr-3267	68	73	.	.	PUNCT
fsr-3267	69	1	in	in	ADP
fsr-3267	69	2	this	this	DET
fsr-3267	69	3	rather	rather	ADV
fsr-3267	69	4	extreme	extreme	ADJ
fsr-3267	69	5	case	case	NOUN
fsr-3267	69	6	,	,	PUNCT
fsr-3267	69	7	even	even	ADV
fsr-3267	69	8	raiding	raid	VERB
fsr-3267	69	9	an	an	DET
fsr-3267	69	10	ira	ira	PROPN
fsr-3267	69	11	(	(	PUNCT
fsr-3267	69	12	and	and	CCONJ
fsr-3267	69	13	paying	pay	VERB
fsr-3267	69	14	the	the	DET
fsr-3267	69	15	early	early	ADJ
fsr-3267	69	16	withdrawal	withdrawal	NOUN
fsr-3267	69	17	penalty	penalty	NOUN
fsr-3267	69	18	)	)	PUNCT
fsr-3267	69	19	would	would	AUX
fsr-3267	69	20	merit	merit	VERB
fsr-3267	69	21	serious	serious	ADJ
fsr-3267	69	22	consideration	consideration	NOUN
fsr-3267	69	23	.	.	PUNCT
fsr-3267	70	1	when	when	SCONJ
fsr-3267	70	2	the	the	DET
fsr-3267	70	3	marginal	marginal	ADJ
fsr-3267	70	4	loan	loan	NOUN
fsr-3267	70	5	amount	amount	NOUN
fsr-3267	70	6	m	m	VERB
fsr-3267	70	7	is	be	AUX
fsr-3267	70	8	larger	large	ADJ
fsr-3267	70	9	,	,	PUNCT
fsr-3267	70	10	the	the	DET
fsr-3267	70	11	marginal	marginal	ADJ
fsr-3267	70	12	rate	rate	NOUN
fsr-3267	70	13	drops	drop	VERB
fsr-3267	70	14	somewhat	somewhat	ADV
fsr-3267	70	15	.	.	PUNCT
fsr-3267	71	1	consider	consider	VERB
fsr-3267	71	2	,	,	PUNCT
fsr-3267	71	3	for	for	ADP
fsr-3267	71	4	example	example	NOUN
fsr-3267	71	5	,	,	PUNCT
fsr-3267	71	6	the	the	DET
fsr-3267	71	7	same	same	ADJ
fsr-3267	71	8	rates	rate	NOUN
fsr-3267	71	9	as	as	ADP
fsr-3267	71	10	in	in	ADP
fsr-3267	71	11	the	the	DET
fsr-3267	71	12	previous	previous	ADJ
fsr-3267	71	13	paragraph	paragraph	NOUN
fsr-3267	71	14	,	,	PUNCT
fsr-3267	71	15	but	but	CCONJ
fsr-3267	71	16	a	a	DET
fsr-3267	71	17	loan	loan	NOUN
fsr-3267	71	18	totaling	total	VERB
fsr-3267	71	19	$	$	SYM
fsr-3267	71	20	600,000	600,000	NUM
fsr-3267	71	21	,	,	PUNCT
fsr-3267	71	22	so	so	SCONJ
fsr-3267	71	23	that	that	SCONJ
fsr-3267	71	24	the	the	DET
fsr-3267	71	25	marginal	marginal	ADJ
fsr-3267	71	26	loan	loan	NOUN
fsr-3267	71	27	amount	amount	NOUN
fsr-3267	71	28	m	m	NOUN
fsr-3267	71	29	is	be	AUX
fsr-3267	71	30	$	$	SYM
fsr-3267	71	31	100,000	100,000	NUM
fsr-3267	71	32	.	.	PUNCT
fsr-3267	72	1	now	now	ADV
fsr-3267	72	2	the	the	DET
fsr-3267	72	3	marginal	marginal	ADJ
fsr-3267	72	4	interest	interest	NOUN
fsr-3267	72	5	rate	rate	NOUN
fsr-3267	72	6	is	be	AUX
fsr-3267	72	7	4.5	4.5	NUM
fsr-3267	72	8	%	%	NOUN
fsr-3267	72	9	�	�	PROPN
fsr-3267	72	10	500,000	500,000	NUM
fsr-3267	72	11	25,000	25,000	NUM
fsr-3267	72	12	�	�	NUM
fsr-3267	72	13	4.5	4.5	NUM
fsr-3267	72	14	%	%	NOUN
fsr-3267	72	15	�	�	PROPN
fsr-3267	72	16	4.0	4.0	NUM
fsr-3267	72	17	%	%	NOUN
fsr-3267	72	18	�	�	PROPN
fsr-3267	72	19	�	�	PROPN
fsr-3267	72	20	7.0	7.0	NUM
fsr-3267	72	21	%	%	NOUN
fsr-3267	72	22	.	.	PUNCT
fsr-3267	73	1	given	give	VERB
fsr-3267	73	2	that	that	SCONJ
fsr-3267	73	3	this	this	DET
fsr-3267	73	4	7.0	7.0	NUM
fsr-3267	73	5	%	%	NOUN
fsr-3267	73	6	is	be	AUX
fsr-3267	73	7	a	a	DET
fsr-3267	73	8	very	very	ADV
fsr-3267	73	9	low	low	ADJ
fsr-3267	73	10	-	-	PUNCT
fsr-3267	73	11	risk	risk	NOUN
fsr-3267	73	12	return	return	NOUN
fsr-3267	73	13	,	,	PUNCT
fsr-3267	73	14	finding	find	VERB
fsr-3267	73	15	another	another	DET
fsr-3267	73	16	source	source	NOUN
fsr-3267	73	17	for	for	ADP
fsr-3267	73	18	the	the	DET
fsr-3267	73	19	marginal	marginal	ADJ
fsr-3267	73	20	$	$	SYM
fsr-3267	73	21	100,000	100,000	NUM
fsr-3267	73	22	merits	merit	NOUN
fsr-3267	73	23	strong	strong	ADJ
fsr-3267	73	24	consideration	consideration	NOUN
fsr-3267	73	25	by	by	ADP
fsr-3267	73	26	most	most	ADJ
fsr-3267	73	27	,	,	PUNCT
fsr-3267	73	28	but	but	CCONJ
fsr-3267	73	29	it	it	PRON
fsr-3267	73	30	is	be	AUX
fsr-3267	73	31	plausible	plausible	ADJ
fsr-3267	73	32	to	to	PART
fsr-3267	73	33	expect	expect	VERB
fsr-3267	73	34	that	that	SCONJ
fsr-3267	73	35	7.0	7.0	NUM
fsr-3267	73	36	%	%	NOUN
fsr-3267	73	37	may	may	AUX
fsr-3267	73	38	be	be	AUX
fsr-3267	73	39	below	below	ADP
fsr-3267	73	40	some	some	DET
fsr-3267	73	41	borrowers	borrower	NOUN
fsr-3267	73	42	’	’	PART
fsr-3267	73	43	reservation	reservation	NOUN
fsr-3267	73	44	prices2	prices2	NOUN
fsr-3267	73	45	and	and	CCONJ
fsr-3267	73	46	,	,	PUNCT
fsr-3267	73	47	therefore	therefore	ADV
fsr-3267	73	48	,	,	PUNCT
fsr-3267	73	49	acceptable	acceptable	ADJ
fsr-3267	73	50	to	to	ADP
fsr-3267	73	51	them	they	PRON
fsr-3267	73	52	.	.	PUNCT
fsr-3267	74	1	fig	fig	NOUN
fsr-3267	74	2	.	.	PUNCT
fsr-3267	75	1	1	1	X
fsr-3267	75	2	.	.	X
fsr-3267	75	3	a	a	DET
fsr-3267	75	4	jumbo	jumbo	ADJ
fsr-3267	75	5	loan	loan	NOUN
fsr-3267	75	6	depicted	depict	VERB
fsr-3267	75	7	as	as	ADP
fsr-3267	75	8	a	a	DET
fsr-3267	75	9	maximal	maximal	ADJ
fsr-3267	75	10	conforming	conforming	NOUN
fsr-3267	75	11	loan	loan	NOUN
fsr-3267	75	12	plus	plus	CCONJ
fsr-3267	75	13	a	a	DET
fsr-3267	75	14	marginal	marginal	ADJ
fsr-3267	75	15	loan	loan	NOUN
fsr-3267	75	16	.	.	PUNCT
fsr-3267	76	1	the	the	DET
fsr-3267	76	2	figure	figure	NOUN
fsr-3267	76	3	on	on	ADP
fsr-3267	76	4	the	the	DET
fsr-3267	76	5	left	left	NOUN
fsr-3267	76	6	depicts	depict	VERB
fsr-3267	76	7	a	a	DET
fsr-3267	76	8	jumbo	jumbo	ADJ
fsr-3267	76	9	loan	loan	NOUN
fsr-3267	76	10	at	at	ADP
fsr-3267	76	11	an	an	DET
fsr-3267	76	12	interest	interest	NOUN
fsr-3267	76	13	rate	rate	NOUN
fsr-3267	76	14	of	of	ADP
fsr-3267	76	15	rj	rj	PROPN
fsr-3267	76	16	,	,	PUNCT
fsr-3267	76	17	while	while	SCONJ
fsr-3267	76	18	the	the	DET
fsr-3267	76	19	one	one	NOUN
fsr-3267	76	20	on	on	ADP
fsr-3267	76	21	the	the	DET
fsr-3267	76	22	right	right	NOUN
fsr-3267	76	23	portrays	portray	VERB
fsr-3267	76	24	a	a	DET
fsr-3267	76	25	maximal	maximal	ADJ
fsr-3267	76	26	conforming	conforming	NOUN
fsr-3267	76	27	loan	loan	NOUN
fsr-3267	76	28	in	in	ADP
fsr-3267	76	29	the	the	DET
fsr-3267	76	30	amount	amount	NOUN
fsr-3267	76	31	of	of	ADP
fsr-3267	76	32	c	c	NOUN
fsr-3267	76	33	and	and	CCONJ
fsr-3267	76	34	at	at	ADP
fsr-3267	76	35	an	an	DET
fsr-3267	76	36	interest	interest	NOUN
fsr-3267	76	37	rate	rate	NOUN
fsr-3267	76	38	of	of	ADP
fsr-3267	76	39	rc	rc	PROPN
fsr-3267	76	40	,	,	PUNCT
fsr-3267	76	41	plus	plus	CCONJ
fsr-3267	76	42	a	a	DET
fsr-3267	76	43	marginal	marginal	ADJ
fsr-3267	76	44	loan	loan	NOUN
fsr-3267	76	45	in	in	ADP
fsr-3267	76	46	the	the	DET
fsr-3267	76	47	amount	amount	NOUN
fsr-3267	76	48	of	of	ADP
fsr-3267	76	49	m	m	PRON
fsr-3267	76	50	and	and	CCONJ
fsr-3267	76	51	at	at	ADP
fsr-3267	76	52	an	an	DET
fsr-3267	76	53	interest	interest	NOUN
fsr-3267	76	54	rate	rate	NOUN
fsr-3267	76	55	of	of	ADP
fsr-3267	76	56	rm	rm	PROPN
fsr-3267	76	57	.	.	PUNCT
fsr-3267	77	1	m	m	PROPN
fsr-3267	77	2	is	be	AUX
fsr-3267	77	3	selected	select	VERB
fsr-3267	77	4	as	as	ADP
fsr-3267	77	5	j	j	PROPN
fsr-3267	77	6	–	–	PUNCT
fsr-3267	77	7	c	c	NOUN
fsr-3267	77	8	,	,	PUNCT
fsr-3267	77	9	so	so	SCONJ
fsr-3267	77	10	both	both	CCONJ
fsr-3267	77	11	the	the	DET
fsr-3267	77	12	jumbo	jumbo	ADJ
fsr-3267	77	13	loan	loan	NOUN
fsr-3267	77	14	and	and	CCONJ
fsr-3267	77	15	the	the	DET
fsr-3267	77	16	conforming	conform	VERB
fsr-3267	77	17	-	-	PUNCT
fsr-3267	77	18	marginal	marginal	ADJ
fsr-3267	77	19	combination	combination	NOUN
fsr-3267	77	20	have	have	VERB
fsr-3267	77	21	the	the	DET
fsr-3267	77	22	same	same	ADJ
fsr-3267	77	23	total	total	ADJ
fsr-3267	77	24	value	value	NOUN
fsr-3267	77	25	.	.	PUNCT
fsr-3267	78	1	because	because	SCONJ
fsr-3267	78	2	rj	rj	PROPN
fsr-3267	78	3	�	�	PROPN
fsr-3267	78	4	c	c	PROPN
fsr-3267	78	5	c	c	PROPN
fsr-3267	78	6	�	�	PROPN
fsr-3267	78	7	m	m	PROPN
fsr-3267	78	8	rc	rc	PROPN
fsr-3267	78	9	�	�	PROPN
fsr-3267	78	10	m	m	PROPN
fsr-3267	78	11	c	c	PROPN
fsr-3267	78	12	�	�	PROPN
fsr-3267	78	13	m	m	PROPN
fsr-3267	78	14	rm	rm	PROPN
fsr-3267	78	15	,	,	PUNCT
fsr-3267	78	16	solving	solve	VERB
fsr-3267	78	17	for	for	ADP
fsr-3267	78	18	the	the	DET
fsr-3267	78	19	marginal	marginal	ADJ
fsr-3267	78	20	rate	rate	NOUN
fsr-3267	78	21	rm	rm	PROPN
fsr-3267	78	22	gives	give	VERB
fsr-3267	78	23	us	we	PRON
fsr-3267	78	24	rm	rm	PROPN
fsr-3267	78	25	�	�	PROPN
fsr-3267	78	26	rj	rj	PROPN
fsr-3267	78	27	�	�	PROPN
fsr-3267	78	28	c	c	PROPN
fsr-3267	78	29	m	m	PROPN
fsr-3267	78	30	�	�	PROPN
fsr-3267	78	31	rj	rj	PROPN
fsr-3267	78	32	�	�	PROPN
fsr-3267	78	33	rc	rc	PROPN
fsr-3267	78	34	�	�	PROPN
fsr-3267	78	35	.	.	PROPN
fsr-3267	79	1	90	90	NUM
fsr-3267	79	2	j.	j.	PROPN
fsr-3267	79	3	musumeci	musumeci	PROPN
fsr-3267	79	4	/	/	SYM
fsr-3267	79	5	financial	financial	ADJ
fsr-3267	79	6	services	service	NOUN
fsr-3267	79	7	review	review	VERB
fsr-3267	79	8	25	25	NUM
fsr-3267	79	9	(	(	PUNCT
fsr-3267	79	10	2016	2016	NUM
fsr-3267	79	11	)	)	PUNCT
fsr-3267	79	12	87–104	87–104	PROPN
fsr-3267	79	13	when	when	SCONJ
fsr-3267	79	14	the	the	DET
fsr-3267	79	15	marginal	marginal	ADJ
fsr-3267	79	16	amount	amount	NOUN
fsr-3267	79	17	borrowed	borrow	VERB
fsr-3267	79	18	is	be	AUX
fsr-3267	79	19	larger	large	ADJ
fsr-3267	79	20	,	,	PUNCT
fsr-3267	79	21	the	the	DET
fsr-3267	79	22	rate	rate	NOUN
fsr-3267	79	23	on	on	ADP
fsr-3267	79	24	the	the	DET
fsr-3267	79	25	marginal	marginal	ADJ
fsr-3267	79	26	amount	amount	NOUN
fsr-3267	79	27	continues	continue	VERB
fsr-3267	79	28	to	to	PART
fsr-3267	79	29	fall	fall	VERB
fsr-3267	79	30	.	.	PUNCT
fsr-3267	80	1	for	for	ADP
fsr-3267	80	2	example	example	NOUN
fsr-3267	80	3	,	,	PUNCT
fsr-3267	80	4	suppose	suppose	VERB
fsr-3267	80	5	that	that	SCONJ
fsr-3267	80	6	the	the	DET
fsr-3267	80	7	loan	loan	NOUN
fsr-3267	80	8	is	be	AUX
fsr-3267	80	9	for	for	ADP
fsr-3267	80	10	$	$	SYM
fsr-3267	80	11	1,500,000	1,500,000	NUM
fsr-3267	80	12	total	total	NOUN
fsr-3267	80	13	,	,	PUNCT
fsr-3267	80	14	so	so	SCONJ
fsr-3267	80	15	that	that	SCONJ
fsr-3267	80	16	the	the	DET
fsr-3267	80	17	marginal	marginal	ADJ
fsr-3267	80	18	amount	amount	NOUN
fsr-3267	80	19	m	m	VERB
fsr-3267	80	20	is	be	AUX
fsr-3267	80	21	$	$	SYM
fsr-3267	80	22	1,000,000	1,000,000	NUM
fsr-3267	80	23	.	.	PUNCT
fsr-3267	81	1	now	now	ADV
fsr-3267	81	2	the	the	DET
fsr-3267	81	3	interest	interest	NOUN
fsr-3267	81	4	rate	rate	NOUN
fsr-3267	81	5	on	on	ADP
fsr-3267	81	6	m	m	PROPN
fsr-3267	81	7	is	be	AUX
fsr-3267	81	8	4.5	4.5	NUM
fsr-3267	81	9	%	%	NOUN
fsr-3267	81	10	�	�	PROPN
fsr-3267	81	11	500,000	500,000	NUM
fsr-3267	81	12	25,000	25,000	NUM
fsr-3267	81	13	�	�	NUM
fsr-3267	81	14	4.5	4.5	NUM
fsr-3267	81	15	%	%	NOUN
fsr-3267	81	16	�	�	PROPN
fsr-3267	81	17	4.0	4.0	NUM
fsr-3267	81	18	%	%	NOUN
fsr-3267	81	19	�	�	PROPN
fsr-3267	81	20	�	�	PROPN
fsr-3267	81	21	4.75	4.75	NUM
fsr-3267	81	22	%	%	NOUN
fsr-3267	81	23	.	.	PUNCT
fsr-3267	82	1	table	table	NOUN
fsr-3267	82	2	1	1	NUM
fsr-3267	82	3	shows	show	VERB
fsr-3267	82	4	the	the	DET
fsr-3267	82	5	marginal	marginal	ADJ
fsr-3267	82	6	rates	rate	NOUN
fsr-3267	82	7	rm	rm	NOUN
fsr-3267	82	8	for	for	ADP
fsr-3267	82	9	loans	loan	NOUN
fsr-3267	82	10	and	and	CCONJ
fsr-3267	82	11	spreads	spread	NOUN
fsr-3267	82	12	of	of	ADP
fsr-3267	82	13	several	several	ADJ
fsr-3267	82	14	sizes	size	NOUN
fsr-3267	82	15	.	.	PUNCT
fsr-3267	83	1	there	there	PRON
fsr-3267	83	2	is	be	VERB
fsr-3267	83	3	no	no	DET
fsr-3267	83	4	one	one	NUM
fsr-3267	83	5	-	-	PUNCT
fsr-3267	83	6	size	size	NOUN
fsr-3267	83	7	-	-	PUNCT
fsr-3267	83	8	fits	fit	VERB
fsr-3267	83	9	-	-	PUNCT
fsr-3267	83	10	all	all	ADV
fsr-3267	83	11	when	when	SCONJ
fsr-3267	83	12	it	it	PRON
fsr-3267	83	13	comes	come	VERB
fsr-3267	83	14	to	to	ADP
fsr-3267	83	15	an	an	DET
fsr-3267	83	16	individual	individual	NOUN
fsr-3267	83	17	’s	’s	PART
fsr-3267	83	18	reservation	reservation	NOUN
fsr-3267	83	19	price	price	NOUN
fsr-3267	83	20	for	for	ADP
fsr-3267	83	21	interest	interest	NOUN
fsr-3267	83	22	rates	rate	NOUN
fsr-3267	83	23	.	.	PUNCT
fsr-3267	84	1	however	however	ADV
fsr-3267	84	2	,	,	PUNCT
fsr-3267	84	3	table	table	NOUN
fsr-3267	84	4	1	1	NUM
fsr-3267	84	5	allows	allow	VERB
fsr-3267	84	6	an	an	DET
fsr-3267	84	7	investor	investor	NOUN
fsr-3267	84	8	to	to	PART
fsr-3267	84	9	at	at	ADV
fsr-3267	84	10	least	least	ADJ
fsr-3267	84	11	assess	assess	VERB
fsr-3267	84	12	the	the	DET
fsr-3267	84	13	true	true	ADJ
fsr-3267	84	14	cost	cost	NOUN
fsr-3267	84	15	of	of	ADP
fsr-3267	84	16	the	the	DET
fsr-3267	84	17	marginal	marginal	ADJ
fsr-3267	84	18	loan	loan	NOUN
fsr-3267	84	19	m.	m.	NOUN
fsr-3267	84	20	if	if	SCONJ
fsr-3267	84	21	it	it	PRON
fsr-3267	84	22	is	be	AUX
fsr-3267	84	23	unusually	unusually	ADV
fsr-3267	84	24	high	high	ADJ
fsr-3267	84	25	,	,	PUNCT
fsr-3267	84	26	she	she	PRON
fsr-3267	84	27	might	might	AUX
fsr-3267	84	28	consider	consider	VERB
fsr-3267	84	29	selling	sell	VERB
fsr-3267	84	30	other	other	ADJ
fsr-3267	84	31	assets	asset	NOUN
fsr-3267	84	32	to	to	PART
fsr-3267	84	33	make	make	VERB
fsr-3267	84	34	a	a	DET
fsr-3267	84	35	larger	large	ADJ
fsr-3267	84	36	down	down	ADP
fsr-3267	84	37	payment	payment	NOUN
fsr-3267	84	38	and	and	CCONJ
fsr-3267	84	39	bring	bring	VERB
fsr-3267	84	40	the	the	DET
fsr-3267	84	41	loan	loan	NOUN
fsr-3267	84	42	down	down	ADP
fsr-3267	84	43	to	to	ADP
fsr-3267	84	44	conforming	conforming	NOUN
fsr-3267	84	45	levels	level	NOUN
fsr-3267	84	46	,	,	PUNCT
fsr-3267	84	47	waiting	wait	VERB
fsr-3267	84	48	until	until	SCONJ
fsr-3267	84	49	she	she	PRON
fsr-3267	84	50	has	have	AUX
fsr-3267	84	51	saved	save	VERB
fsr-3267	84	52	a	a	DET
fsr-3267	84	53	larger	large	ADJ
fsr-3267	84	54	down	down	ADP
fsr-3267	84	55	payment	payment	NOUN
fsr-3267	84	56	,	,	PUNCT
fsr-3267	84	57	or	or	CCONJ
fsr-3267	84	58	settling	settle	VERB
fsr-3267	84	59	for	for	ADP
fsr-3267	84	60	a	a	DET
fsr-3267	84	61	less	less	ADV
fsr-3267	84	62	expensive	expensive	ADJ
fsr-3267	84	63	house	house	NOUN
fsr-3267	84	64	.	.	PUNCT
fsr-3267	85	1	3	3	NUM
fsr-3267	85	2	.	.	NOUN
fsr-3267	85	3	15	15	NUM
fsr-3267	85	4	-	-	PUNCT
fsr-3267	85	5	year	year	NOUN
fsr-3267	85	6	versus	versus	ADP
fsr-3267	85	7	30	30	NUM
fsr-3267	85	8	-	-	PUNCT
fsr-3267	85	9	year	year	NOUN
fsr-3267	85	10	mortgages	mortgage	NOUN
fsr-3267	85	11	(	(	PUNCT
fsr-3267	85	12	ignoring	ignore	VERB
fsr-3267	85	13	taxes	taxis	NOUN
fsr-3267	85	14	)	)	PUNCT
fsr-3267	85	15	some	some	DET
fsr-3267	85	16	borrowers	borrower	NOUN
fsr-3267	85	17	may	may	AUX
fsr-3267	85	18	be	be	AUX
fsr-3267	85	19	constrained	constrain	VERB
fsr-3267	85	20	by	by	ADP
fsr-3267	85	21	their	their	PRON
fsr-3267	85	22	income	income	NOUN
fsr-3267	85	23	because	because	SCONJ
fsr-3267	85	24	many	many	ADJ
fsr-3267	85	25	lenders	lender	NOUN
fsr-3267	85	26	follow	follow	VERB
fsr-3267	85	27	a	a	DET
fsr-3267	85	28	28/36	28/36	NUM
fsr-3267	85	29	rule	rule	NOUN
fsr-3267	85	30	(	(	PUNCT
fsr-3267	85	31	e.g.	e.g.	ADV
fsr-3267	85	32	,	,	PUNCT
fsr-3267	85	33	thangavelu	thangavelu	NOUN
fsr-3267	85	34	,	,	PUNCT
fsr-3267	85	35	2015	2015	NUM
fsr-3267	85	36	)	)	PUNCT
fsr-3267	85	37	.	.	PUNCT
fsr-3267	86	1	under	under	ADP
fsr-3267	86	2	this	this	DET
fsr-3267	86	3	rule	rule	NOUN
fsr-3267	86	4	,	,	PUNCT
fsr-3267	86	5	monthly	monthly	ADJ
fsr-3267	86	6	housing	housing	NOUN
fsr-3267	86	7	payments	payment	NOUN
fsr-3267	86	8	should	should	AUX
fsr-3267	86	9	not	not	PART
fsr-3267	86	10	exceed	exceed	VERB
fsr-3267	86	11	28	28	NUM
fsr-3267	86	12	%	%	NOUN
fsr-3267	86	13	of	of	ADP
fsr-3267	86	14	gross	gross	ADJ
fsr-3267	86	15	income	income	NOUN
fsr-3267	86	16	,	,	PUNCT
fsr-3267	86	17	and	and	CCONJ
fsr-3267	86	18	total	total	ADJ
fsr-3267	86	19	debt	debt	NOUN
fsr-3267	86	20	commitments	commitment	NOUN
fsr-3267	86	21	should	should	AUX
fsr-3267	86	22	not	not	PART
fsr-3267	86	23	exceed	exceed	VERB
fsr-3267	86	24	36	36	NUM
fsr-3267	86	25	%	%	NOUN
fsr-3267	86	26	of	of	ADP
fsr-3267	86	27	gross	gross	ADJ
fsr-3267	86	28	income	income	NOUN
fsr-3267	86	29	.	.	PUNCT
fsr-3267	87	1	if	if	SCONJ
fsr-3267	87	2	a	a	DET
fsr-3267	87	3	lender	lender	NOUN
fsr-3267	87	4	is	be	AUX
fsr-3267	87	5	following	follow	VERB
fsr-3267	87	6	this	this	DET
fsr-3267	87	7	rule	rule	NOUN
fsr-3267	87	8	in	in	ADP
fsr-3267	87	9	terms	term	NOUN
fsr-3267	87	10	of	of	ADP
fsr-3267	87	11	offering	offer	VERB
fsr-3267	87	12	a	a	DET
fsr-3267	87	13	loan	loan	NOUN
fsr-3267	87	14	,	,	PUNCT
fsr-3267	87	15	then	then	ADV
fsr-3267	87	16	some	some	DET
fsr-3267	87	17	borrowers	borrower	NOUN
fsr-3267	87	18	will	will	AUX
fsr-3267	87	19	not	not	PART
fsr-3267	87	20	have	have	VERB
fsr-3267	87	21	a	a	DET
fsr-3267	87	22	choice	choice	NOUN
fsr-3267	87	23	and	and	CCONJ
fsr-3267	87	24	will	will	AUX
fsr-3267	87	25	have	have	VERB
fsr-3267	87	26	to	to	PART
fsr-3267	87	27	get	get	VERB
fsr-3267	87	28	a	a	DET
fsr-3267	87	29	30	30	NUM
fsr-3267	87	30	-	-	PUNCT
fsr-3267	87	31	year	year	NOUN
fsr-3267	87	32	mortgage	mortgage	NOUN
fsr-3267	87	33	.	.	PUNCT
fsr-3267	88	1	even	even	ADV
fsr-3267	88	2	for	for	ADP
fsr-3267	88	3	borrowers	borrower	NOUN
fsr-3267	88	4	who	who	PRON
fsr-3267	88	5	are	be	AUX
fsr-3267	88	6	not	not	PART
fsr-3267	88	7	so	so	ADV
fsr-3267	88	8	constrained	constrain	VERB
fsr-3267	88	9	,	,	PUNCT
fsr-3267	88	10	the	the	DET
fsr-3267	88	11	conventional	conventional	ADJ
fsr-3267	88	12	wisdom	wisdom	NOUN
fsr-3267	88	13	is	be	AUX
fsr-3267	88	14	that	that	SCONJ
fsr-3267	88	15	a	a	DET
fsr-3267	88	16	30	30	NUM
fsr-3267	88	17	-	-	PUNCT
fsr-3267	88	18	year	year	NOUN
fsr-3267	88	19	mortgage	mortgage	NOUN
fsr-3267	88	20	offers	offer	VERB
fsr-3267	88	21	more	more	ADJ
fsr-3267	88	22	flexibility	flexibility	NOUN
fsr-3267	88	23	than	than	ADP
fsr-3267	88	24	a	a	DET
fsr-3267	88	25	15	15	NUM
fsr-3267	88	26	-	-	PUNCT
fsr-3267	88	27	year	year	NOUN
fsr-3267	88	28	mortgage	mortgage	NOUN
fsr-3267	88	29	and	and	CCONJ
fsr-3267	88	30	,	,	PUNCT
fsr-3267	88	31	therefore	therefore	ADV
fsr-3267	88	32	,	,	PUNCT
fsr-3267	88	33	is	be	AUX
fsr-3267	88	34	the	the	DET
fsr-3267	88	35	wiser	wise	ADJ
fsr-3267	88	36	choice	choice	NOUN
fsr-3267	88	37	.	.	PUNCT
fsr-3267	89	1	for	for	ADP
fsr-3267	89	2	example	example	NOUN
fsr-3267	89	3	,	,	PUNCT
fsr-3267	89	4	goff	goff	PROPN
fsr-3267	89	5	and	and	CCONJ
fsr-3267	89	6	cox	cox	PROPN
fsr-3267	89	7	(	(	PUNCT
fsr-3267	89	8	1998	1998	NUM
fsr-3267	89	9	)	)	PUNCT
fsr-3267	89	10	demonstrate	demonstrate	VERB
fsr-3267	89	11	that	that	SCONJ
fsr-3267	89	12	if	if	SCONJ
fsr-3267	89	13	the	the	DET
fsr-3267	89	14	difference	difference	NOUN
fsr-3267	89	15	in	in	ADP
fsr-3267	89	16	payments	payment	NOUN
fsr-3267	89	17	is	be	AUX
fsr-3267	89	18	invested	invest	VERB
fsr-3267	89	19	in	in	ADP
fsr-3267	89	20	a	a	DET
fsr-3267	89	21	tax	tax	NOUN
fsr-3267	89	22	-	-	PUNCT
fsr-3267	89	23	deferred	defer	VERB
fsr-3267	89	24	account	account	NOUN
fsr-3267	89	25	like	like	ADP
fsr-3267	89	26	a	a	DET
fsr-3267	89	27	401(k	401(k	NOUN
fsr-3267	89	28	)	)	PUNCT
fsr-3267	89	29	,	,	PUNCT
fsr-3267	89	30	even	even	ADV
fsr-3267	89	31	after	after	ADP
fsr-3267	89	32	adjusting	adjust	VERB
fsr-3267	89	33	for	for	ADP
fsr-3267	89	34	taxes	taxis	NOUN
fsr-3267	89	35	,	,	PUNCT
fsr-3267	89	36	mortgagors	mortgagor	NOUN
fsr-3267	89	37	who	who	PRON
fsr-3267	89	38	live	live	VERB
fsr-3267	89	39	in	in	ADP
fsr-3267	89	40	the	the	DET
fsr-3267	89	41	house	house	NOUN
fsr-3267	89	42	for	for	ADP
fsr-3267	89	43	30	30	NUM
fsr-3267	89	44	years	year	NOUN
fsr-3267	89	45	will	will	AUX
fsr-3267	89	46	have	have	VERB
fsr-3267	89	47	a	a	DET
fsr-3267	89	48	higher	high	ADJ
fsr-3267	89	49	expected	expect	VERB
fsr-3267	89	50	wealth	wealth	NOUN
fsr-3267	89	51	in	in	ADP
fsr-3267	89	52	30	30	NUM
fsr-3267	89	53	years.3	years.3	NOUN
fsr-3267	89	54	several	several	ADJ
fsr-3267	89	55	other	other	ADJ
fsr-3267	89	56	researchers	researcher	NOUN
fsr-3267	89	57	reach	reach	VERB
fsr-3267	89	58	similar	similar	ADJ
fsr-3267	89	59	conclusions.4	conclusions.4	NOUN
fsr-3267	89	60	in	in	ADP
fsr-3267	89	61	addition	addition	NOUN
fsr-3267	89	62	,	,	PUNCT
fsr-3267	89	63	qualified	qualified	ADJ
fsr-3267	89	64	borrowers	borrower	NOUN
fsr-3267	89	65	who	who	PRON
fsr-3267	89	66	lean	lean	VERB
fsr-3267	89	67	towards	towards	ADP
fsr-3267	89	68	a	a	DET
fsr-3267	89	69	15	15	NUM
fsr-3267	89	70	-	-	PUNCT
fsr-3267	89	71	year	year	NOUN
fsr-3267	89	72	are	be	AUX
fsr-3267	89	73	often	often	ADV
fsr-3267	89	74	steered	steer	VERB
fsr-3267	89	75	away	away	ADV
fsr-3267	89	76	with	with	ADP
fsr-3267	89	77	the	the	DET
fsr-3267	89	78	advice	advice	NOUN
fsr-3267	89	79	that	that	PRON
fsr-3267	89	80	,	,	PUNCT
fsr-3267	89	81	if	if	SCONJ
fsr-3267	89	82	the	the	DET
fsr-3267	89	83	borrower	borrower	NOUN
fsr-3267	89	84	has	have	VERB
fsr-3267	89	85	extra	extra	ADJ
fsr-3267	89	86	cash	cash	NOUN
fsr-3267	89	87	flow	flow	NOUN
fsr-3267	89	88	during	during	ADP
fsr-3267	89	89	the	the	DET
fsr-3267	89	90	lifetime	lifetime	NOUN
fsr-3267	89	91	of	of	ADP
fsr-3267	89	92	the	the	DET
fsr-3267	89	93	mortgage	mortgage	NOUN
fsr-3267	89	94	,	,	PUNCT
fsr-3267	89	95	he	he	PRON
fsr-3267	89	96	can	can	AUX
fsr-3267	89	97	always	always	ADV
fsr-3267	89	98	voluntarily	voluntarily	ADV
fsr-3267	89	99	pay	pay	VERB
fsr-3267	89	100	more	more	ADJ
fsr-3267	89	101	towards	towards	ADP
fsr-3267	89	102	the	the	DET
fsr-3267	89	103	principal	principal	NOUN
fsr-3267	89	104	if	if	SCONJ
fsr-3267	89	105	he	he	PRON
fsr-3267	89	106	chooses	choose	VERB
fsr-3267	89	107	.	.	PUNCT
fsr-3267	90	1	certainly	certainly	ADV
fsr-3267	90	2	borrowers	borrower	NOUN
fsr-3267	90	3	table	table	VERB
fsr-3267	90	4	1	1	NUM
fsr-3267	90	5	marginal	marginal	ADJ
fsr-3267	90	6	interest	interest	NOUN
fsr-3267	90	7	rates	rate	NOUN
fsr-3267	90	8	rm	rm	PROPN
fsr-3267	90	9	for	for	ADP
fsr-3267	90	10	loans	loan	NOUN
fsr-3267	90	11	exceeding	exceed	VERB
fsr-3267	90	12	a	a	DET
fsr-3267	90	13	maximum	maximum	ADJ
fsr-3267	90	14	conforming	conforming	NOUN
fsr-3267	90	15	amount	amount	NOUN
fsr-3267	90	16	of	of	ADP
fsr-3267	90	17	$	$	SYM
fsr-3267	90	18	500,000	500,000	NUM
fsr-3267	90	19	when	when	SCONJ
fsr-3267	90	20	rc	rc	PROPN
fsr-3267	90	21	�	�	PROPN
fsr-3267	90	22	4	4	NUM
fsr-3267	90	23	%	%	NOUN
fsr-3267	90	24	rj	rj	PROPN
fsr-3267	90	25	total	total	NOUN
fsr-3267	90	26	loan	loan	NOUN
fsr-3267	90	27	$	$	SYM
fsr-3267	90	28	525,000	525,000	NUM
fsr-3267	90	29	$	$	SYM
fsr-3267	90	30	550,000	550,000	NUM
fsr-3267	90	31	$	$	SYM
fsr-3267	90	32	575,000	575,000	NUM
fsr-3267	90	33	$	$	SYM
fsr-3267	90	34	600,000	600,000	NUM
fsr-3267	90	35	$	$	SYM
fsr-3267	90	36	650,000	650,000	NUM
fsr-3267	90	37	$	$	SYM
fsr-3267	90	38	700,000	700,000	NUM
fsr-3267	90	39	$	$	SYM
fsr-3267	90	40	750,000	750,000	NUM
fsr-3267	90	41	4.625	4.625	NUM
fsr-3267	90	42	%	%	NOUN
fsr-3267	90	43	17.125	17.125	NUM
fsr-3267	90	44	%	%	NOUN
fsr-3267	90	45	10.875	10.875	NUM
fsr-3267	90	46	%	%	NOUN
fsr-3267	90	47	8.792	8.792	NUM
fsr-3267	90	48	%	%	NOUN
fsr-3267	90	49	7.750	7.750	NUM
fsr-3267	90	50	%	%	NOUN
fsr-3267	90	51	6.708	6.708	NUM
fsr-3267	90	52	%	%	NOUN
fsr-3267	90	53	6.188	6.188	NUM
fsr-3267	90	54	%	%	NOUN
fsr-3267	90	55	5.875	5.875	NUM
fsr-3267	90	56	%	%	NOUN
fsr-3267	90	57	4.5	4.5	NUM
fsr-3267	90	58	%	%	NOUN
fsr-3267	90	59	14.500	14.500	NUM
fsr-3267	90	60	%	%	NOUN
fsr-3267	90	61	9.500	9.500	NUM
fsr-3267	90	62	%	%	NOUN
fsr-3267	90	63	7.833	7.833	NUM
fsr-3267	90	64	%	%	NOUN
fsr-3267	90	65	7.000	7.000	NUM
fsr-3267	90	66	%	%	NOUN
fsr-3267	90	67	6.167	6.167	NUM
fsr-3267	90	68	%	%	NOUN
fsr-3267	90	69	5.750	5.750	NUM
fsr-3267	90	70	%	%	NOUN
fsr-3267	90	71	5.500	5.500	NUM
fsr-3267	90	72	%	%	NOUN
fsr-3267	90	73	4.375	4.375	NUM
fsr-3267	90	74	%	%	NOUN
fsr-3267	90	75	11.875	11.875	NUM
fsr-3267	90	76	%	%	NOUN
fsr-3267	90	77	8.125	8.125	NUM
fsr-3267	90	78	%	%	NOUN
fsr-3267	90	79	6.875	6.875	NUM
fsr-3267	90	80	%	%	NOUN
fsr-3267	90	81	6.250	6.250	NUM
fsr-3267	90	82	%	%	NOUN
fsr-3267	90	83	5.625	5.625	NUM
fsr-3267	90	84	%	%	NOUN
fsr-3267	90	85	5.313	5.313	NUM
fsr-3267	90	86	%	%	NOUN
fsr-3267	90	87	5.125	5.125	NUM
fsr-3267	90	88	%	%	NOUN
fsr-3267	90	89	4.25	4.25	NUM
fsr-3267	90	90	%	%	NOUN
fsr-3267	90	91	9.250	9.250	NUM
fsr-3267	90	92	%	%	NOUN
fsr-3267	90	93	6.750	6.750	NUM
fsr-3267	90	94	%	%	NOUN
fsr-3267	90	95	5.917	5.917	NUM
fsr-3267	90	96	%	%	NOUN
fsr-3267	90	97	5.500	5.500	NUM
fsr-3267	90	98	%	%	NOUN
fsr-3267	90	99	5.083	5.083	NUM
fsr-3267	90	100	%	%	NOUN
fsr-3267	90	101	4.875	4.875	NUM
fsr-3267	90	102	%	%	NOUN
fsr-3267	90	103	4.750	4.750	NUM
fsr-3267	90	104	%	%	NOUN
fsr-3267	90	105	4.125	4.125	NUM
fsr-3267	90	106	%	%	NOUN
fsr-3267	90	107	6.625	6.625	NUM
fsr-3267	90	108	%	%	NOUN
fsr-3267	90	109	5.375	5.375	NUM
fsr-3267	90	110	%	%	NOUN
fsr-3267	90	111	4.958	4.958	NUM
fsr-3267	90	112	%	%	NOUN
fsr-3267	90	113	4.750	4.750	NUM
fsr-3267	90	114	%	%	NOUN
fsr-3267	90	115	4.542	4.542	NUM
fsr-3267	90	116	%	%	NOUN
fsr-3267	90	117	4.438	4.438	NUM
fsr-3267	90	118	%	%	NOUN
fsr-3267	90	119	4.375	4.375	NUM
fsr-3267	90	120	%	%	NOUN
fsr-3267	90	121	note	note	NOUN
fsr-3267	90	122	.	.	PUNCT
fsr-3267	91	1	the	the	DET
fsr-3267	91	2	table	table	NOUN
fsr-3267	91	3	features	feature	VERB
fsr-3267	91	4	the	the	DET
fsr-3267	91	5	marginal	marginal	ADJ
fsr-3267	91	6	rate	rate	NOUN
fsr-3267	91	7	,	,	PUNCT
fsr-3267	91	8	rm	rm	PROPN
fsr-3267	91	9	,	,	PUNCT
fsr-3267	91	10	which	which	PRON
fsr-3267	91	11	is	be	AUX
fsr-3267	91	12	paid	pay	VERB
fsr-3267	91	13	on	on	ADP
fsr-3267	91	14	the	the	DET
fsr-3267	91	15	amount	amount	NOUN
fsr-3267	91	16	by	by	ADP
fsr-3267	91	17	which	which	PRON
fsr-3267	91	18	mortgage	mortgage	NOUN
fsr-3267	91	19	size	size	NOUN
fsr-3267	91	20	exceeds	exceed	VERB
fsr-3267	91	21	the	the	DET
fsr-3267	91	22	threshold	threshold	NOUN
fsr-3267	91	23	for	for	ADP
fsr-3267	91	24	a	a	DET
fsr-3267	91	25	conforming	conform	VERB
fsr-3267	91	26	loan	loan	NOUN
fsr-3267	91	27	.	.	PUNCT
fsr-3267	92	1	in	in	ADP
fsr-3267	92	2	all	all	DET
fsr-3267	92	3	cases	case	NOUN
fsr-3267	92	4	,	,	PUNCT
fsr-3267	92	5	the	the	DET
fsr-3267	92	6	maximum	maximum	ADJ
fsr-3267	92	7	conforming	conforming	NOUN
fsr-3267	92	8	loan	loan	NOUN
fsr-3267	92	9	size	size	NOUN
fsr-3267	92	10	is	be	AUX
fsr-3267	92	11	assumed	assume	VERB
fsr-3267	92	12	to	to	PART
fsr-3267	92	13	be	be	AUX
fsr-3267	92	14	$	$	SYM
fsr-3267	92	15	500,000	500,000	NUM
fsr-3267	92	16	and	and	CCONJ
fsr-3267	92	17	the	the	DET
fsr-3267	92	18	conforming	conforming	NOUN
fsr-3267	92	19	apr	apr	NOUN
fsr-3267	92	20	assumed	assume	VERB
fsr-3267	92	21	to	to	PART
fsr-3267	92	22	be	be	AUX
fsr-3267	92	23	4	4	NUM
fsr-3267	92	24	%	%	NOUN
fsr-3267	92	25	.	.	PUNCT
fsr-3267	93	1	various	various	ADJ
fsr-3267	93	2	possibilities	possibility	NOUN
fsr-3267	93	3	for	for	ADP
fsr-3267	93	4	the	the	DET
fsr-3267	93	5	jumbo	jumbo	ADJ
fsr-3267	93	6	rate	rate	NOUN
fsr-3267	93	7	are	be	AUX
fsr-3267	93	8	shown	show	VERB
fsr-3267	93	9	in	in	ADP
fsr-3267	93	10	the	the	DET
fsr-3267	93	11	different	different	ADJ
fsr-3267	93	12	rows	row	NOUN
fsr-3267	93	13	,	,	PUNCT
fsr-3267	93	14	and	and	CCONJ
fsr-3267	93	15	various	various	ADJ
fsr-3267	93	16	sizes	size	NOUN
fsr-3267	93	17	in	in	ADP
fsr-3267	93	18	the	the	DET
fsr-3267	93	19	different	different	ADJ
fsr-3267	93	20	columns	column	NOUN
fsr-3267	93	21	.	.	PUNCT
fsr-3267	94	1	for	for	ADP
fsr-3267	94	2	example	example	NOUN
fsr-3267	94	3	,	,	PUNCT
fsr-3267	94	4	in	in	ADP
fsr-3267	94	5	the	the	DET
fsr-3267	94	6	first	first	ADJ
fsr-3267	94	7	entry	entry	NOUN
fsr-3267	94	8	(	(	PUNCT
fsr-3267	94	9	rj	rj	PROPN
fsr-3267	94	10	�	�	PROPN
fsr-3267	94	11	4.625	4.625	NUM
fsr-3267	94	12	%	%	NOUN
fsr-3267	94	13	and	and	CCONJ
fsr-3267	94	14	size	size	NOUN
fsr-3267	94	15	�	�	PROPN
fsr-3267	94	16	$	$	SYM
fsr-3267	94	17	525,000	525,000	NUM
fsr-3267	94	18	)	)	PUNCT
fsr-3267	94	19	,	,	PUNCT
fsr-3267	94	20	a	a	DET
fsr-3267	94	21	borrower	borrower	NOUN
fsr-3267	94	22	who	who	PRON
fsr-3267	94	23	accepts	accept	VERB
fsr-3267	94	24	the	the	DET
fsr-3267	94	25	jumbo	jumbo	ADJ
fsr-3267	94	26	rate	rate	NOUN
fsr-3267	94	27	on	on	ADP
fsr-3267	94	28	a	a	DET
fsr-3267	94	29	$	$	SYM
fsr-3267	94	30	525,000	525,000	NUM
fsr-3267	94	31	mortgage	mortgage	NOUN
fsr-3267	94	32	is	be	AUX
fsr-3267	94	33	effectively	effectively	ADV
fsr-3267	94	34	taking	take	VERB
fsr-3267	94	35	out	out	ADP
fsr-3267	94	36	a	a	DET
fsr-3267	94	37	conforming	conform	VERB
fsr-3267	94	38	mortgage	mortgage	NOUN
fsr-3267	94	39	of	of	ADP
fsr-3267	94	40	$	$	SYM
fsr-3267	94	41	500,000	500,000	NUM
fsr-3267	94	42	at	at	ADP
fsr-3267	94	43	4	4	NUM
fsr-3267	94	44	%	%	NOUN
fsr-3267	94	45	and	and	CCONJ
fsr-3267	94	46	paying	pay	VERB
fsr-3267	94	47	a	a	DET
fsr-3267	94	48	rate	rate	NOUN
fsr-3267	94	49	of	of	ADP
fsr-3267	94	50	17.125	17.125	NUM
fsr-3267	94	51	%	%	NOUN
fsr-3267	94	52	on	on	ADP
fsr-3267	94	53	the	the	DET
fsr-3267	94	54	$	$	SYM
fsr-3267	94	55	25,000	25,000	NUM
fsr-3267	94	56	by	by	ADP
fsr-3267	94	57	which	which	PRON
fsr-3267	94	58	his	his	PRON
fsr-3267	94	59	loan	loan	NOUN
fsr-3267	94	60	exceeds	exceed	VERB
fsr-3267	94	61	the	the	DET
fsr-3267	94	62	conforming	conform	VERB
fsr-3267	94	63	maximum	maximum	NOUN
fsr-3267	94	64	.	.	PUNCT
fsr-3267	94	65	91j	91j	PROPN
fsr-3267	94	66	.	.	PUNCT
fsr-3267	95	1	musumeci	musumeci	PROPN
fsr-3267	95	2	/	/	SYM
fsr-3267	95	3	financial	financial	ADJ
fsr-3267	95	4	services	service	NOUN
fsr-3267	95	5	review	review	VERB
fsr-3267	95	6	25	25	NUM
fsr-3267	95	7	(	(	PUNCT
fsr-3267	95	8	2016	2016	NUM
fsr-3267	95	9	)	)	PUNCT
fsr-3267	96	1	87–104	87–104	PROPN
fsr-3267	96	2	should	should	AUX
fsr-3267	96	3	not	not	PART
fsr-3267	96	4	accept	accept	VERB
fsr-3267	96	5	a	a	DET
fsr-3267	96	6	rate	rate	NOUN
fsr-3267	96	7	or	or	CCONJ
fsr-3267	96	8	term	term	NOUN
fsr-3267	96	9	that	that	PRON
fsr-3267	96	10	results	result	VERB
fsr-3267	96	11	in	in	ADP
fsr-3267	96	12	payments	payment	NOUN
fsr-3267	96	13	with	with	ADP
fsr-3267	96	14	which	which	PRON
fsr-3267	96	15	they	they	PRON
fsr-3267	96	16	are	be	AUX
fsr-3267	96	17	uncomfortable	uncomfortable	ADJ
fsr-3267	96	18	(	(	PUNCT
fsr-3267	96	19	grable	grable	NOUN
fsr-3267	96	20	and	and	CCONJ
fsr-3267	96	21	lytton	lytton	PROPN
fsr-3267	96	22	,	,	PUNCT
fsr-3267	96	23	1999	1999	NUM
fsr-3267	96	24	present	present	VERB
fsr-3267	96	25	a	a	DET
fsr-3267	96	26	20	20	NUM
fsr-3267	96	27	-	-	PUNCT
fsr-3267	96	28	question	question	NOUN
fsr-3267	96	29	survey	survey	NOUN
fsr-3267	96	30	to	to	PART
fsr-3267	96	31	assess	assess	VERB
fsr-3267	96	32	an	an	DET
fsr-3267	96	33	individual	individual	NOUN
fsr-3267	96	34	’s	’s	NOUN
fsr-3267	96	35	degree	degree	NOUN
fsr-3267	96	36	of	of	ADP
fsr-3267	96	37	risk	risk	NOUN
fsr-3267	96	38	aversion	aversion	NOUN
fsr-3267	96	39	,	,	PUNCT
fsr-3267	96	40	and	and	CCONJ
fsr-3267	96	41	three	three	NUM
fsr-3267	96	42	of	of	ADP
fsr-3267	96	43	the	the	DET
fsr-3267	96	44	20	20	NUM
fsr-3267	96	45	questions	question	NOUN
fsr-3267	96	46	pertain	pertain	VERB
fsr-3267	96	47	to	to	PART
fsr-3267	96	48	mortgage	mortgage	NOUN
fsr-3267	96	49	choices	choice	NOUN
fsr-3267	96	50	)	)	PUNCT
fsr-3267	96	51	,	,	PUNCT
fsr-3267	96	52	and	and	CCONJ
fsr-3267	96	53	if	if	SCONJ
fsr-3267	96	54	the	the	DET
fsr-3267	96	55	rates	rate	NOUN
fsr-3267	96	56	on	on	ADP
fsr-3267	96	57	the	the	DET
fsr-3267	96	58	two	two	NUM
fsr-3267	96	59	mortgages	mortgage	NOUN
fsr-3267	96	60	are	be	AUX
fsr-3267	96	61	the	the	DET
fsr-3267	96	62	same	same	ADJ
fsr-3267	96	63	,	,	PUNCT
fsr-3267	96	64	then	then	ADV
fsr-3267	96	65	recommending	recommend	VERB
fsr-3267	96	66	the	the	DET
fsr-3267	96	67	30	30	NUM
fsr-3267	96	68	-	-	PUNCT
fsr-3267	96	69	year	year	NOUN
fsr-3267	96	70	is	be	AUX
fsr-3267	96	71	impeccable	impeccable	ADJ
fsr-3267	96	72	advice	advice	NOUN
fsr-3267	96	73	.	.	PUNCT
fsr-3267	97	1	however	however	ADV
fsr-3267	97	2	,	,	PUNCT
fsr-3267	97	3	in	in	ADP
fsr-3267	97	4	practice	practice	NOUN
fsr-3267	97	5	the	the	DET
fsr-3267	97	6	rates	rate	NOUN
fsr-3267	97	7	are	be	AUX
fsr-3267	97	8	rarely	rarely	ADV
fsr-3267	97	9	the	the	DET
fsr-3267	97	10	same	same	ADJ
fsr-3267	97	11	,	,	PUNCT
fsr-3267	97	12	and	and	CCONJ
fsr-3267	97	13	the	the	DET
fsr-3267	97	14	higher	high	ADJ
fsr-3267	97	15	rate	rate	NOUN
fsr-3267	97	16	on	on	ADP
fsr-3267	97	17	the	the	DET
fsr-3267	97	18	30	30	NUM
fsr-3267	97	19	-	-	PUNCT
fsr-3267	97	20	year	year	NOUN
fsr-3267	97	21	mortgage	mortgage	NOUN
fsr-3267	97	22	is	be	AUX
fsr-3267	97	23	the	the	DET
fsr-3267	97	24	price	price	NOUN
fsr-3267	97	25	of	of	ADP
fsr-3267	97	26	the	the	DET
fsr-3267	97	27	greater	great	ADJ
fsr-3267	97	28	flexibility	flexibility	NOUN
fsr-3267	97	29	.	.	PUNCT
fsr-3267	98	1	ceteris	ceteris	NOUN
fsr-3267	98	2	paribus	paribus	NOUN
fsr-3267	98	3	,	,	PUNCT
fsr-3267	98	4	flexibility	flexibility	NOUN
fsr-3267	98	5	is	be	AUX
fsr-3267	98	6	good	good	ADJ
fsr-3267	98	7	,	,	PUNCT
fsr-3267	98	8	but	but	CCONJ
fsr-3267	98	9	like	like	ADP
fsr-3267	98	10	any	any	DET
fsr-3267	98	11	other	other	ADJ
fsr-3267	98	12	good	good	NOUN
fsr-3267	98	13	,	,	PUNCT
fsr-3267	98	14	it	it	PRON
fsr-3267	98	15	has	have	VERB
fsr-3267	98	16	its	its	PRON
fsr-3267	98	17	reservation	reservation	NOUN
fsr-3267	98	18	price	price	NOUN
fsr-3267	98	19	.	.	PUNCT
fsr-3267	99	1	borrowers	borrower	NOUN
fsr-3267	99	2	who	who	PRON
fsr-3267	99	3	do	do	AUX
fsr-3267	99	4	not	not	PART
fsr-3267	99	5	need	need	VERB
fsr-3267	99	6	the	the	DET
fsr-3267	99	7	flexibility	flexibility	NOUN
fsr-3267	99	8	are	be	AUX
fsr-3267	99	9	likely	likely	ADJ
fsr-3267	99	10	to	to	PART
fsr-3267	99	11	find	find	VERB
fsr-3267	99	12	that	that	SCONJ
fsr-3267	99	13	its	its	PRON
fsr-3267	99	14	price	price	NOUN
fsr-3267	99	15	is	be	AUX
fsr-3267	99	16	too	too	ADV
fsr-3267	99	17	high	high	ADJ
fsr-3267	99	18	.	.	PUNCT
fsr-3267	100	1	we	we	PRON
fsr-3267	100	2	begin	begin	VERB
fsr-3267	100	3	with	with	ADP
fsr-3267	100	4	an	an	DET
fsr-3267	100	5	(	(	PUNCT
fsr-3267	100	6	admittedly	admittedly	ADV
fsr-3267	100	7	unrealistic	unrealistic	ADJ
fsr-3267	100	8	)	)	PUNCT
fsr-3267	100	9	extreme	extreme	ADJ
fsr-3267	100	10	example	example	NOUN
fsr-3267	100	11	to	to	PART
fsr-3267	100	12	better	well	ADV
fsr-3267	100	13	identify	identify	VERB
fsr-3267	100	14	the	the	DET
fsr-3267	100	15	tradeoffs	tradeoff	NOUN
fsr-3267	100	16	involved	involve	VERB
fsr-3267	100	17	.	.	PUNCT
fsr-3267	101	1	suppose	suppose	VERB
fsr-3267	101	2	the	the	DET
fsr-3267	101	3	annual	annual	ADJ
fsr-3267	101	4	percentage	percentage	NOUN
fsr-3267	101	5	rate	rate	NOUN
fsr-3267	101	6	(	(	PUNCT
fsr-3267	101	7	apr	apr	NOUN
fsr-3267	101	8	)	)	PUNCT
fsr-3267	101	9	on	on	ADP
fsr-3267	101	10	a	a	PRON
fsr-3267	101	11	15	15	NUM
fsr-3267	101	12	-	-	PUNCT
fsr-3267	101	13	year	year	NOUN
fsr-3267	101	14	,	,	PUNCT
fsr-3267	101	15	$	$	SYM
fsr-3267	101	16	500,000	500,000	NUM
fsr-3267	101	17	mortgage	mortgage	NOUN
fsr-3267	101	18	is	be	AUX
fsr-3267	101	19	3.6	3.6	NUM
fsr-3267	101	20	%	%	NOUN
fsr-3267	101	21	,	,	PUNCT
fsr-3267	101	22	while	while	SCONJ
fsr-3267	101	23	that	that	PRON
fsr-3267	101	24	on	on	ADP
fsr-3267	101	25	an	an	DET
fsr-3267	101	26	otherwise	otherwise	ADV
fsr-3267	101	27	identical	identical	ADJ
fsr-3267	101	28	30	30	NUM
fsr-3267	101	29	-	-	PUNCT
fsr-3267	101	30	year	year	NOUN
fsr-3267	101	31	mortgage	mortgage	NOUN
fsr-3267	101	32	is	be	AUX
fsr-3267	101	33	7.2	7.2	NUM
fsr-3267	101	34	%	%	NOUN
fsr-3267	101	35	(	(	PUNCT
fsr-3267	101	36	unless	unless	SCONJ
fsr-3267	101	37	otherwise	otherwise	ADV
fsr-3267	101	38	specified	specify	VERB
fsr-3267	101	39	,	,	PUNCT
fsr-3267	101	40	we	we	PRON
fsr-3267	101	41	assume	assume	VERB
fsr-3267	101	42	all	all	DET
fsr-3267	101	43	annual	annual	ADJ
fsr-3267	101	44	rates	rate	NOUN
fsr-3267	101	45	are	be	AUX
fsr-3267	101	46	expressed	express	VERB
fsr-3267	101	47	as	as	ADP
fsr-3267	101	48	aprs	aprs	NOUN
fsr-3267	101	49	,	,	PUNCT
fsr-3267	101	50	i.e.	i.e.	X
fsr-3267	101	51	,	,	PUNCT
fsr-3267	101	52	the	the	DET
fsr-3267	101	53	actual	actual	ADJ
fsr-3267	101	54	periodic	periodic	ADJ
fsr-3267	101	55	monthly	monthly	ADJ
fsr-3267	101	56	rate	rate	NOUN
fsr-3267	101	57	is	be	AUX
fsr-3267	101	58	just	just	ADV
fsr-3267	101	59	apr/12	apr/12	PROPN
fsr-3267	101	60	)	)	PUNCT
fsr-3267	101	61	.	.	PUNCT
fsr-3267	102	1	now	now	ADV
fsr-3267	102	2	monthly	monthly	ADJ
fsr-3267	102	3	payments	payment	NOUN
fsr-3267	102	4	(	(	PUNCT
fsr-3267	102	5	throughout	throughout	ADP
fsr-3267	102	6	the	the	DET
fsr-3267	102	7	article	article	NOUN
fsr-3267	102	8	we	we	PRON
fsr-3267	102	9	consider	consider	VERB
fsr-3267	102	10	only	only	ADV
fsr-3267	102	11	interest	interest	NOUN
fsr-3267	102	12	and	and	CCONJ
fsr-3267	102	13	principal	principal	NOUN
fsr-3267	102	14	,	,	PUNCT
fsr-3267	102	15	and	and	CCONJ
fsr-3267	102	16	not	not	PART
fsr-3267	102	17	insurance	insurance	NOUN
fsr-3267	102	18	or	or	CCONJ
fsr-3267	102	19	property	property	NOUN
fsr-3267	102	20	taxes	taxis	NOUN
fsr-3267	102	21	;	;	PUNCT
fsr-3267	102	22	we	we	PRON
fsr-3267	102	23	consider	consider	VERB
fsr-3267	102	24	income	income	NOUN
fsr-3267	102	25	taxes	taxis	NOUN
fsr-3267	102	26	and	and	CCONJ
fsr-3267	102	27	the	the	DET
fsr-3267	102	28	fact	fact	NOUN
fsr-3267	102	29	that	that	SCONJ
fsr-3267	102	30	mortgage	mortgage	NOUN
fsr-3267	102	31	interest	interest	NOUN
fsr-3267	102	32	is	be	AUX
fsr-3267	102	33	tax	tax	NOUN
fsr-3267	102	34	-	-	PUNCT
fsr-3267	102	35	deductible	deductible	ADJ
fsr-3267	102	36	in	in	ADP
fsr-3267	102	37	section	section	NOUN
fsr-3267	102	38	4	4	NUM
fsr-3267	102	39	)	)	PUNCT
fsr-3267	102	40	on	on	ADP
fsr-3267	102	41	the	the	DET
fsr-3267	102	42	15	15	NUM
fsr-3267	102	43	-	-	PUNCT
fsr-3267	102	44	year	year	NOUN
fsr-3267	102	45	mortgage	mortgage	NOUN
fsr-3267	102	46	will	will	AUX
fsr-3267	102	47	be	be	AUX
fsr-3267	102	48	$	$	SYM
fsr-3267	102	49	3599.02	3599.02	NUM
fsr-3267	102	50	,	,	PUNCT
fsr-3267	102	51	and	and	CCONJ
fsr-3267	102	52	those	those	PRON
fsr-3267	102	53	on	on	ADP
fsr-3267	102	54	the	the	DET
fsr-3267	102	55	30	30	NUM
fsr-3267	102	56	-	-	PUNCT
fsr-3267	102	57	year	year	NOUN
fsr-3267	102	58	will	will	AUX
fsr-3267	102	59	be	be	AUX
fsr-3267	102	60	$	$	SYM
fsr-3267	102	61	3393.94	3393.94	NUM
fsr-3267	102	62	.	.	PUNCT
fsr-3267	103	1	it	it	PRON
fsr-3267	103	2	is	be	AUX
fsr-3267	103	3	difficult	difficult	ADJ
fsr-3267	103	4	to	to	PART
fsr-3267	103	5	imagine	imagine	VERB
fsr-3267	103	6	that	that	SCONJ
fsr-3267	103	7	many	many	ADJ
fsr-3267	103	8	borrowers	borrower	NOUN
fsr-3267	103	9	will	will	AUX
fsr-3267	103	10	find	find	VERB
fsr-3267	103	11	the	the	DET
fsr-3267	103	12	flexibility	flexibility	NOUN
fsr-3267	103	13	of	of	ADP
fsr-3267	103	14	having	have	VERB
fsr-3267	103	15	the	the	DET
fsr-3267	103	16	option	option	NOUN
fsr-3267	103	17	to	to	PART
fsr-3267	103	18	keep	keep	VERB
fsr-3267	103	19	the	the	DET
fsr-3267	103	20	monthly	monthly	ADJ
fsr-3267	103	21	difference	difference	NOUN
fsr-3267	103	22	of	of	ADP
fsr-3267	103	23	$	$	SYM
fsr-3267	103	24	205.08	205.08	NUM
fsr-3267	103	25	for	for	ADP
fsr-3267	103	26	the	the	DET
fsr-3267	103	27	first	first	ADJ
fsr-3267	103	28	15	15	NUM
fsr-3267	103	29	years	year	NOUN
fsr-3267	103	30	is	be	AUX
fsr-3267	103	31	worth	worth	ADJ
fsr-3267	103	32	paying	pay	VERB
fsr-3267	103	33	the	the	DET
fsr-3267	103	34	extra	extra	ADJ
fsr-3267	103	35	$	$	SYM
fsr-3267	103	36	3393.94	3393.94	NUM
fsr-3267	103	37	/	/	SYM
fsr-3267	103	38	month	month	NOUN
fsr-3267	103	39	for	for	ADP
fsr-3267	103	40	the	the	DET
fsr-3267	103	41	last	last	ADJ
fsr-3267	103	42	15	15	NUM
fsr-3267	103	43	years	year	NOUN
fsr-3267	103	44	of	of	ADP
fsr-3267	103	45	the	the	DET
fsr-3267	103	46	30	30	NUM
fsr-3267	103	47	-	-	PUNCT
fsr-3267	103	48	year	year	NOUN
fsr-3267	103	49	mortgage	mortgage	NOUN
fsr-3267	103	50	.	.	PUNCT
fsr-3267	104	1	one	one	NUM
fsr-3267	104	2	way	way	NOUN
fsr-3267	104	3	of	of	ADP
fsr-3267	104	4	visualizing	visualize	VERB
fsr-3267	104	5	the	the	DET
fsr-3267	104	6	true	true	ADJ
fsr-3267	104	7	cost	cost	NOUN
fsr-3267	104	8	of	of	ADP
fsr-3267	104	9	that	that	DET
fsr-3267	104	10	flexibility	flexibility	NOUN
fsr-3267	104	11	is	be	AUX
fsr-3267	104	12	to	to	PART
fsr-3267	104	13	find	find	VERB
fsr-3267	104	14	the	the	DET
fsr-3267	104	15	monthly	monthly	ADJ
fsr-3267	104	16	payments	payment	NOUN
fsr-3267	104	17	of	of	ADP
fsr-3267	104	18	an	an	DET
fsr-3267	104	19	imaginary	imaginary	ADJ
fsr-3267	104	20	30	30	NUM
fsr-3267	104	21	-	-	PUNCT
fsr-3267	104	22	year	year	NOUN
fsr-3267	104	23	mortgage	mortgage	NOUN
fsr-3267	104	24	at	at	ADP
fsr-3267	104	25	the	the	DET
fsr-3267	104	26	15	15	NUM
fsr-3267	104	27	-	-	PUNCT
fsr-3267	104	28	year	year	NOUN
fsr-3267	104	29	mortgage	mortgage	NOUN
fsr-3267	104	30	apr	apr	NOUN
fsr-3267	104	31	of	of	ADP
fsr-3267	104	32	3.6	3.6	NUM
fsr-3267	104	33	%	%	NOUN
fsr-3267	104	34	.	.	PUNCT
fsr-3267	105	1	evaluated	evaluate	VERB
fsr-3267	105	2	at	at	ADP
fsr-3267	105	3	the	the	DET
fsr-3267	105	4	same	same	ADJ
fsr-3267	105	5	interest	interest	NOUN
fsr-3267	105	6	rate	rate	NOUN
fsr-3267	105	7	as	as	ADP
fsr-3267	105	8	a	a	DET
fsr-3267	105	9	15	15	NUM
fsr-3267	105	10	-	-	PUNCT
fsr-3267	105	11	year	year	NOUN
fsr-3267	105	12	mortgage	mortgage	NOUN
fsr-3267	105	13	,	,	PUNCT
fsr-3267	105	14	this	this	DET
fsr-3267	105	15	hypothetical	hypothetical	ADJ
fsr-3267	105	16	30	30	NUM
fsr-3267	105	17	-	-	PUNCT
fsr-3267	105	18	year	year	NOUN
fsr-3267	105	19	mortgage	mortgage	NOUN
fsr-3267	105	20	would	would	AUX
fsr-3267	105	21	give	give	VERB
fsr-3267	105	22	the	the	DET
fsr-3267	105	23	borrower	borrower	NOUN
fsr-3267	105	24	the	the	DET
fsr-3267	105	25	flexibility	flexibility	NOUN
fsr-3267	105	26	to	to	PART
fsr-3267	105	27	pay	pay	VERB
fsr-3267	105	28	$	$	SYM
fsr-3267	105	29	3599.02	3599.02	NUM
fsr-3267	105	30	–	–	PUNCT
fsr-3267	105	31	2273.23	2273.23	NUM
fsr-3267	105	32	�	�	PROPN
fsr-3267	105	33	$	$	SYM
fsr-3267	105	34	1325.79	1325.79	NUM
fsr-3267	105	35	less	less	ADJ
fsr-3267	105	36	per	per	ADP
fsr-3267	105	37	month	month	NOUN
fsr-3267	105	38	when	when	SCONJ
fsr-3267	105	39	compared	compare	VERB
fsr-3267	105	40	with	with	ADP
fsr-3267	105	41	the	the	DET
fsr-3267	105	42	15	15	NUM
fsr-3267	105	43	-	-	PUNCT
fsr-3267	105	44	year	year	NOUN
fsr-3267	105	45	borrower	borrower	NOUN
fsr-3267	105	46	.	.	PUNCT
fsr-3267	106	1	however	however	ADV
fsr-3267	106	2	,	,	PUNCT
fsr-3267	106	3	in	in	ADP
fsr-3267	106	4	exchange	exchange	NOUN
fsr-3267	106	5	for	for	ADP
fsr-3267	106	6	this	this	DET
fsr-3267	106	7	flexibility	flexibility	NOUN
fsr-3267	106	8	to	to	PART
fsr-3267	106	9	pay	pay	VERB
fsr-3267	106	10	$	$	SYM
fsr-3267	106	11	1325.79	1325.79	NUM
fsr-3267	106	12	less	less	ADJ
fsr-3267	106	13	,	,	PUNCT
fsr-3267	106	14	the	the	DET
fsr-3267	106	15	7.2	7.2	NUM
fsr-3267	106	16	%	%	NOUN
fsr-3267	106	17	mortgage	mortgage	NOUN
fsr-3267	106	18	rate	rate	NOUN
fsr-3267	106	19	essentially	essentially	ADV
fsr-3267	106	20	charges	charge	VERB
fsr-3267	106	21	the	the	DET
fsr-3267	106	22	borrower	borrower	NOUN
fsr-3267	106	23	an	an	DET
fsr-3267	106	24	additional	additional	ADJ
fsr-3267	106	25	$	$	SYM
fsr-3267	106	26	3393.94	3393.94	NUM
fsr-3267	106	27	–	–	PUNCT
fsr-3267	106	28	2273.23	2273.23	NUM
fsr-3267	106	29	�	�	PROPN
fsr-3267	106	30	$	$	SYM
fsr-3267	106	31	1120.71	1120.71	NUM
fsr-3267	106	32	/	/	SYM
fsr-3267	106	33	month	month	NOUN
fsr-3267	106	34	,	,	PUNCT
fsr-3267	106	35	leaving	leave	VERB
fsr-3267	106	36	the	the	DET
fsr-3267	106	37	borrower	borrower	NOUN
fsr-3267	106	38	with	with	ADP
fsr-3267	106	39	a	a	DET
fsr-3267	106	40	net	net	ADJ
fsr-3267	106	41	payment	payment	NOUN
fsr-3267	106	42	that	that	PRON
fsr-3267	106	43	is	be	AUX
fsr-3267	106	44	only	only	ADV
fsr-3267	106	45	$	$	SYM
fsr-3267	106	46	205.08	205.08	NUM
fsr-3267	106	47	less	less	ADJ
fsr-3267	106	48	than	than	ADP
fsr-3267	106	49	that	that	PRON
fsr-3267	106	50	of	of	ADP
fsr-3267	106	51	the	the	DET
fsr-3267	106	52	15	15	NUM
fsr-3267	106	53	-	-	PUNCT
fsr-3267	106	54	year	year	NOUN
fsr-3267	106	55	mortgagor	mortgagor	NOUN
fsr-3267	106	56	,	,	PUNCT
fsr-3267	106	57	as	as	SCONJ
fsr-3267	106	58	depicted	depict	VERB
fsr-3267	106	59	in	in	ADP
fsr-3267	106	60	panel	panel	NOUN
fsr-3267	106	61	a	a	PRON
fsr-3267	106	62	of	of	ADP
fsr-3267	106	63	fig	fig	NOUN
fsr-3267	106	64	.	.	PUNCT
fsr-3267	107	1	2	2	X
fsr-3267	107	2	.	.	X
fsr-3267	107	3	this	this	PRON
fsr-3267	107	4	is	be	AUX
fsr-3267	107	5	clearly	clearly	ADV
fsr-3267	107	6	a	a	DET
fsr-3267	107	7	poor	poor	ADJ
fsr-3267	107	8	proposition	proposition	NOUN
fsr-3267	107	9	for	for	ADP
fsr-3267	107	10	most	most	ADJ
fsr-3267	107	11	borrowers.5	borrowers.5	NOUN
fsr-3267	107	12	while	while	SCONJ
fsr-3267	107	13	this	this	DET
fsr-3267	107	14	example	example	NOUN
fsr-3267	107	15	is	be	AUX
fsr-3267	107	16	too	too	ADV
fsr-3267	107	17	extreme	extreme	ADJ
fsr-3267	107	18	to	to	PART
fsr-3267	107	19	be	be	AUX
fsr-3267	107	20	observed	observe	VERB
fsr-3267	107	21	in	in	ADP
fsr-3267	107	22	practice	practice	NOUN
fsr-3267	107	23	,	,	PUNCT
fsr-3267	107	24	it	it	PRON
fsr-3267	107	25	establishes	establish	VERB
fsr-3267	107	26	that	that	SCONJ
fsr-3267	107	27	the	the	DET
fsr-3267	107	28	greater	great	ADJ
fsr-3267	107	29	flexibility	flexibility	NOUN
fsr-3267	107	30	of	of	ADP
fsr-3267	107	31	the	the	DET
fsr-3267	107	32	30	30	NUM
fsr-3267	107	33	-	-	PUNCT
fsr-3267	107	34	year	year	NOUN
fsr-3267	107	35	mortgage	mortgage	NOUN
fsr-3267	107	36	has	have	VERB
fsr-3267	107	37	a	a	DET
fsr-3267	107	38	price	price	NOUN
fsr-3267	107	39	,	,	PUNCT
fsr-3267	107	40	and	and	CCONJ
fsr-3267	107	41	that	that	DET
fsr-3267	107	42	price	price	NOUN
fsr-3267	107	43	should	should	AUX
fsr-3267	107	44	not	not	PART
fsr-3267	107	45	be	be	AUX
fsr-3267	107	46	paid	pay	VERB
fsr-3267	107	47	if	if	SCONJ
fsr-3267	107	48	it	it	PRON
fsr-3267	107	49	exceeds	exceed	VERB
fsr-3267	107	50	the	the	DET
fsr-3267	107	51	borrower	borrower	NOUN
fsr-3267	107	52	’s	’s	PART
fsr-3267	107	53	reservation	reservation	NOUN
fsr-3267	107	54	price	price	NOUN
fsr-3267	107	55	.	.	PUNCT
fsr-3267	108	1	even	even	ADV
fsr-3267	108	2	with	with	ADP
fsr-3267	108	3	a	a	DET
fsr-3267	108	4	more	more	ADV
fsr-3267	108	5	realistic	realistic	ADJ
fsr-3267	108	6	example	example	NOUN
fsr-3267	108	7	,	,	PUNCT
fsr-3267	108	8	the	the	DET
fsr-3267	108	9	flexibility	flexibility	NOUN
fsr-3267	108	10	has	have	VERB
fsr-3267	108	11	a	a	DET
fsr-3267	108	12	nontrivial	nontrivial	ADJ
fsr-3267	108	13	cost	cost	NOUN
fsr-3267	108	14	.	.	PUNCT
fsr-3267	109	1	as	as	SCONJ
fsr-3267	109	2	depicted	depict	VERB
fsr-3267	109	3	in	in	ADP
fsr-3267	109	4	panel	panel	NOUN
fsr-3267	109	5	b	b	PROPN
fsr-3267	109	6	of	of	ADP
fsr-3267	109	7	fig	fig	NOUN
fsr-3267	109	8	.	.	PUNCT
fsr-3267	110	1	2	2	NUM
fsr-3267	110	2	,	,	PUNCT
fsr-3267	110	3	a	a	DET
fsr-3267	110	4	$	$	SYM
fsr-3267	110	5	500,000	500,000	NUM
fsr-3267	110	6	,	,	PUNCT
fsr-3267	110	7	15	15	NUM
fsr-3267	110	8	-	-	PUNCT
fsr-3267	110	9	year	year	NOUN
fsr-3267	110	10	mortgage	mortgage	NOUN
fsr-3267	110	11	with	with	ADP
fsr-3267	110	12	an	an	DET
fsr-3267	110	13	apr	apr	NOUN
fsr-3267	110	14	of	of	ADP
fsr-3267	110	15	3.75	3.75	NUM
fsr-3267	110	16	%	%	NOUN
fsr-3267	110	17	requires	require	VERB
fsr-3267	110	18	monthly	monthly	ADJ
fsr-3267	110	19	payments	payment	NOUN
fsr-3267	110	20	of	of	ADP
fsr-3267	110	21	$	$	SYM
fsr-3267	110	22	3636.11	3636.11	NUM
fsr-3267	110	23	,	,	PUNCT
fsr-3267	110	24	while	while	SCONJ
fsr-3267	110	25	a	a	DET
fsr-3267	110	26	30	30	NUM
fsr-3267	110	27	-	-	PUNCT
fsr-3267	110	28	year	year	NOUN
fsr-3267	110	29	mortgage	mortgage	NOUN
fsr-3267	110	30	at	at	ADP
fsr-3267	110	31	a	a	DET
fsr-3267	110	32	monthly	monthly	ADJ
fsr-3267	110	33	rate	rate	NOUN
fsr-3267	110	34	of	of	ADP
fsr-3267	110	35	4.50%/month	4.50%/month	NOUN
fsr-3267	110	36	requires	require	VERB
fsr-3267	110	37	payments	payment	NOUN
fsr-3267	110	38	of	of	ADP
fsr-3267	110	39	$	$	SYM
fsr-3267	110	40	2533.43	2533.43	NUM
fsr-3267	110	41	.	.	PUNCT
fsr-3267	111	1	inserting	insert	VERB
fsr-3267	111	2	the	the	DET
fsr-3267	111	3	intermediate	intermediate	ADJ
fsr-3267	111	4	step	step	NOUN
fsr-3267	111	5	described	describe	VERB
fsr-3267	111	6	above	above	ADP
fsr-3267	111	7	finds	find	VERB
fsr-3267	111	8	that	that	SCONJ
fsr-3267	111	9	a	a	DET
fsr-3267	111	10	hypothetical	hypothetical	ADJ
fsr-3267	111	11	30	30	NUM
fsr-3267	111	12	-	-	PUNCT
fsr-3267	111	13	year	year	NOUN
fsr-3267	111	14	mortgage	mortgage	NOUN
fsr-3267	111	15	at	at	ADP
fsr-3267	111	16	3.75	3.75	NUM
fsr-3267	111	17	%	%	NOUN
fsr-3267	111	18	requires	require	VERB
fsr-3267	111	19	payments	payment	NOUN
fsr-3267	111	20	of	of	ADP
fsr-3267	111	21	$	$	SYM
fsr-3267	111	22	2315.58	2315.58	NUM
fsr-3267	111	23	,	,	PUNCT
fsr-3267	111	24	so	so	SCONJ
fsr-3267	111	25	that	that	SCONJ
fsr-3267	111	26	in	in	ADP
fsr-3267	111	27	exchange	exchange	NOUN
fsr-3267	111	28	for	for	ADP
fsr-3267	111	29	the	the	DET
fsr-3267	111	30	flexibility	flexibility	NOUN
fsr-3267	111	31	of	of	ADP
fsr-3267	111	32	paying	pay	VERB
fsr-3267	111	33	$	$	SYM
fsr-3267	111	34	3636.11	3636.11	NUM
fsr-3267	111	35	–	–	PUNCT
fsr-3267	111	36	2315.58	2315.58	NUM
fsr-3267	111	37	�	�	PROPN
fsr-3267	111	38	$	$	SYM
fsr-3267	111	39	1320.53	1320.53	NUM
fsr-3267	111	40	less	less	ADJ
fsr-3267	111	41	per	per	ADP
fsr-3267	111	42	month	month	NOUN
fsr-3267	111	43	,	,	PUNCT
fsr-3267	111	44	the	the	DET
fsr-3267	111	45	borrower	borrower	NOUN
fsr-3267	111	46	is	be	AUX
fsr-3267	111	47	paying	pay	VERB
fsr-3267	111	48	back	back	ADV
fsr-3267	111	49	$	$	SYM
fsr-3267	111	50	2533.43	2533.43	NUM
fsr-3267	111	51	–	–	PUNCT
fsr-3267	111	52	2315.58	2315.58	NUM
fsr-3267	111	53	�	�	PROPN
fsr-3267	111	54	$	$	SYM
fsr-3267	111	55	217.85	217.85	NUM
fsr-3267	111	56	.	.	PUNCT
fsr-3267	112	1	this	this	PRON
fsr-3267	112	2	may	may	AUX
fsr-3267	112	3	be	be	AUX
fsr-3267	112	4	a	a	DET
fsr-3267	112	5	desirable	desirable	ADJ
fsr-3267	112	6	trade	trade	NOUN
fsr-3267	112	7	for	for	ADP
fsr-3267	112	8	some	some	PRON
fsr-3267	112	9	,	,	PUNCT
fsr-3267	112	10	but	but	CCONJ
fsr-3267	112	11	not	not	PART
fsr-3267	112	12	for	for	ADP
fsr-3267	112	13	others	other	NOUN
fsr-3267	112	14	.	.	PUNCT
fsr-3267	113	1	the	the	DET
fsr-3267	113	2	issue	issue	NOUN
fsr-3267	113	3	is	be	AUX
fsr-3267	113	4	how	how	SCONJ
fsr-3267	113	5	can	can	AUX
fsr-3267	113	6	we	we	PRON
fsr-3267	113	7	best	well	ADV
fsr-3267	113	8	measure	measure	VERB
fsr-3267	113	9	the	the	DET
fsr-3267	113	10	price	price	NOUN
fsr-3267	113	11	of	of	ADP
fsr-3267	113	12	this	this	DET
fsr-3267	113	13	flexibility	flexibility	NOUN
fsr-3267	113	14	so	so	SCONJ
fsr-3267	113	15	that	that	SCONJ
fsr-3267	113	16	the	the	DET
fsr-3267	113	17	borrower	borrower	NOUN
fsr-3267	113	18	can	can	AUX
fsr-3267	113	19	have	have	VERB
fsr-3267	113	20	a	a	DET
fsr-3267	113	21	solid	solid	ADJ
fsr-3267	113	22	basis	basis	NOUN
fsr-3267	113	23	for	for	ADP
fsr-3267	113	24	judgment	judgment	NOUN
fsr-3267	113	25	?	?	PUNCT
fsr-3267	114	1	one	one	NUM
fsr-3267	114	2	metric	metric	NOUN
fsr-3267	114	3	arises	arise	VERB
fsr-3267	114	4	from	from	ADP
fsr-3267	114	5	considering	consider	VERB
fsr-3267	114	6	the	the	DET
fsr-3267	114	7	marginal	marginal	ADJ
fsr-3267	114	8	payments	payment	NOUN
fsr-3267	114	9	of	of	ADP
fsr-3267	114	10	a	a	DET
fsr-3267	114	11	30	30	NUM
fsr-3267	114	12	-	-	PUNCT
fsr-3267	114	13	year	year	NOUN
fsr-3267	114	14	mortgagor	mortgagor	NOUN
fsr-3267	114	15	who	who	PRON
fsr-3267	114	16	swaps	swap	VERB
fsr-3267	114	17	that	that	DET
fsr-3267	114	18	mortgage	mortgage	NOUN
fsr-3267	114	19	’s	’s	PART
fsr-3267	114	20	cash	cash	NOUN
fsr-3267	114	21	flows	flow	NOUN
fsr-3267	114	22	for	for	ADP
fsr-3267	114	23	those	those	PRON
fsr-3267	114	24	of	of	ADP
fsr-3267	114	25	a	a	DET
fsr-3267	114	26	15	15	NUM
fsr-3267	114	27	-	-	PUNCT
fsr-3267	114	28	year	year	NOUN
fsr-3267	114	29	mortgage	mortgage	NOUN
fsr-3267	114	30	.	.	PUNCT
fsr-3267	115	1	as	as	ADP
fsr-3267	115	2	in	in	ADP
fsr-3267	115	3	the	the	DET
fsr-3267	115	4	discussion	discussion	NOUN
fsr-3267	115	5	of	of	ADP
fsr-3267	115	6	jumbo	jumbo	ADJ
fsr-3267	115	7	mortgages	mortgage	NOUN
fsr-3267	115	8	,	,	PUNCT
fsr-3267	115	9	by	by	ADP
fsr-3267	115	10	marginal	marginal	ADJ
fsr-3267	115	11	cash	cash	NOUN
fsr-3267	115	12	flow	flow	NOUN
fsr-3267	115	13	we	we	PRON
fsr-3267	115	14	mean	mean	VERB
fsr-3267	115	15	any	any	DET
fsr-3267	115	16	additional	additional	ADJ
fsr-3267	115	17	cash	cash	NOUN
fsr-3267	115	18	flows	flow	VERB
fsr-3267	115	19	the	the	DET
fsr-3267	115	20	15	15	NUM
fsr-3267	115	21	-	-	PUNCT
fsr-3267	115	22	year	year	NOUN
fsr-3267	115	23	borrow	borrow	NOUN
fsr-3267	115	24	pays	pay	NOUN
fsr-3267	115	25	(	(	PUNCT
fsr-3267	115	26	or	or	CCONJ
fsr-3267	115	27	receives	receive	VERB
fsr-3267	115	28	)	)	PUNCT
fsr-3267	115	29	as	as	ADP
fsr-3267	115	30	compared	compare	VERB
fsr-3267	115	31	with	with	ADP
fsr-3267	115	32	those	those	PRON
fsr-3267	115	33	of	of	ADP
fsr-3267	115	34	the	the	DET
fsr-3267	115	35	30	30	NUM
fsr-3267	115	36	-	-	PUNCT
fsr-3267	115	37	year	year	NOUN
fsr-3267	115	38	borrower	borrower	NOUN
fsr-3267	115	39	.	.	PUNCT
fsr-3267	116	1	this	this	DET
fsr-3267	116	2	swap	swap	NOUN
fsr-3267	116	3	produces	produce	VERB
fsr-3267	116	4	a	a	DET
fsr-3267	116	5	greater	great	ADJ
fsr-3267	116	6	cash	cash	NOUN
fsr-3267	116	7	outflow	outflow	NOUN
fsr-3267	116	8	for	for	ADP
fsr-3267	116	9	the	the	DET
fsr-3267	116	10	first	first	ADJ
fsr-3267	116	11	15	15	NUM
fsr-3267	116	12	years	year	NOUN
fsr-3267	116	13	in	in	ADP
fsr-3267	116	14	exchange	exchange	NOUN
fsr-3267	116	15	for	for	ADP
fsr-3267	116	16	elimination	elimination	NOUN
fsr-3267	116	17	of	of	ADP
fsr-3267	116	18	all	all	DET
fsr-3267	116	19	payments	payment	NOUN
fsr-3267	116	20	after	after	ADP
fsr-3267	116	21	year	year	NOUN
fsr-3267	116	22	15	15	NUM
fsr-3267	116	23	.	.	PUNCT
fsr-3267	117	1	for	for	ADP
fsr-3267	117	2	example	example	NOUN
fsr-3267	117	3	,	,	PUNCT
fsr-3267	117	4	suppose	suppose	VERB
fsr-3267	117	5	as	as	ADP
fsr-3267	117	6	above	above	ADV
fsr-3267	117	7	that	that	PRON
fsr-3267	117	8	the	the	DET
fsr-3267	117	9	apr	apr	NOUN
fsr-3267	117	10	on	on	ADP
fsr-3267	117	11	a	a	DET
fsr-3267	117	12	$	$	SYM
fsr-3267	117	13	500,000	500,000	NUM
fsr-3267	117	14	,	,	PUNCT
fsr-3267	117	15	30	30	NUM
fsr-3267	117	16	-	-	PUNCT
fsr-3267	117	17	year	year	NOUN
fsr-3267	117	18	92	92	NUM
fsr-3267	117	19	j.	j.	PROPN
fsr-3267	117	20	musumeci	musumeci	PROPN
fsr-3267	117	21	/	/	SYM
fsr-3267	117	22	financial	financial	ADJ
fsr-3267	117	23	services	service	NOUN
fsr-3267	117	24	review	review	VERB
fsr-3267	117	25	25	25	NUM
fsr-3267	117	26	(	(	PUNCT
fsr-3267	117	27	2016	2016	NUM
fsr-3267	117	28	)	)	PUNCT
fsr-3267	117	29	87–104	87–104	PROPN
fsr-3267	117	30	mortgage	mortgage	NOUN
fsr-3267	117	31	is	be	AUX
fsr-3267	117	32	4.50	4.50	NUM
fsr-3267	117	33	%	%	NOUN
fsr-3267	117	34	,	,	PUNCT
fsr-3267	117	35	while	while	SCONJ
fsr-3267	117	36	that	that	SCONJ
fsr-3267	117	37	on	on	ADP
fsr-3267	117	38	a	a	DET
fsr-3267	117	39	15	15	NUM
fsr-3267	117	40	-	-	PUNCT
fsr-3267	117	41	year	year	NOUN
fsr-3267	117	42	is	be	AUX
fsr-3267	117	43	3.75	3.75	NUM
fsr-3267	117	44	%	%	NOUN
fsr-3267	117	45	.	.	PUNCT
fsr-3267	118	1	payments	payment	NOUN
fsr-3267	118	2	on	on	ADP
fsr-3267	118	3	the	the	DET
fsr-3267	118	4	15	15	NUM
fsr-3267	118	5	-	-	PUNCT
fsr-3267	118	6	year	year	NOUN
fsr-3267	118	7	mortgage	mortgage	NOUN
fsr-3267	118	8	would	would	AUX
fsr-3267	118	9	be	be	AUX
fsr-3267	118	10	$	$	SYM
fsr-3267	118	11	3636.11	3636.11	NUM
fsr-3267	118	12	,	,	PUNCT
fsr-3267	118	13	or	or	CCONJ
fsr-3267	118	14	$	$	SYM
fsr-3267	118	15	1102.69	1102.69	NUM
fsr-3267	118	16	more	more	ADJ
fsr-3267	118	17	than	than	ADP
fsr-3267	118	18	the	the	DET
fsr-3267	118	19	$	$	SYM
fsr-3267	118	20	2533.43	2533.43	NUM
fsr-3267	118	21	payments	payment	NOUN
fsr-3267	118	22	under	under	ADP
fsr-3267	118	23	the	the	DET
fsr-3267	118	24	30	30	NUM
fsr-3267	118	25	-	-	PUNCT
fsr-3267	118	26	year	year	NOUN
fsr-3267	118	27	mortgage	mortgage	NOUN
fsr-3267	118	28	.	.	PUNCT
fsr-3267	119	1	what	what	PRON
fsr-3267	119	2	does	do	AUX
fsr-3267	119	3	the	the	DET
fsr-3267	119	4	15	15	NUM
fsr-3267	119	5	-	-	PUNCT
fsr-3267	119	6	year	year	NOUN
fsr-3267	119	7	borrower	borrower	NOUN
fsr-3267	119	8	get	get	VERB
fsr-3267	119	9	for	for	ADP
fsr-3267	119	10	this	this	DET
fsr-3267	119	11	extra	extra	ADJ
fsr-3267	119	12	$	$	SYM
fsr-3267	119	13	1102.69	1102.69	NUM
fsr-3267	119	14	/	/	SYM
fsr-3267	119	15	month	month	NOUN
fsr-3267	119	16	?	?	PUNCT
fsr-3267	120	1	he	he	PRON
fsr-3267	120	2	is	be	AUX
fsr-3267	120	3	finished	finish	VERB
fsr-3267	120	4	paying	pay	VERB
fsr-3267	120	5	for	for	ADP
fsr-3267	120	6	the	the	DET
fsr-3267	120	7	house	house	NOUN
fsr-3267	120	8	at	at	ADP
fsr-3267	120	9	the	the	DET
fsr-3267	120	10	end	end	NOUN
fsr-3267	120	11	of	of	ADP
fsr-3267	120	12	15	15	NUM
fsr-3267	120	13	years	year	NOUN
fsr-3267	120	14	,	,	PUNCT
fsr-3267	120	15	while	while	SCONJ
fsr-3267	120	16	the	the	DET
fsr-3267	120	17	holder	holder	NOUN
fsr-3267	120	18	of	of	ADP
fsr-3267	120	19	the	the	DET
fsr-3267	120	20	30	30	NUM
fsr-3267	120	21	-	-	PUNCT
fsr-3267	120	22	year	year	NOUN
fsr-3267	120	23	mortgage	mortgage	NOUN
fsr-3267	120	24	still	still	ADV
fsr-3267	120	25	has	have	VERB
fsr-3267	120	26	monthly	monthly	ADJ
fsr-3267	120	27	payments	payment	NOUN
fsr-3267	120	28	of	of	ADP
fsr-3267	120	29	$	$	SYM
fsr-3267	120	30	2533.43	2533.43	NUM
fsr-3267	120	31	to	to	PART
fsr-3267	120	32	make	make	VERB
fsr-3267	120	33	for	for	ADP
fsr-3267	120	34	an	an	DET
fsr-3267	120	35	additional	additional	ADJ
fsr-3267	120	36	15	15	NUM
fsr-3267	120	37	years	year	NOUN
fsr-3267	120	38	.	.	PUNCT
fsr-3267	121	1	thus	thus	ADV
fsr-3267	121	2	,	,	PUNCT
fsr-3267	121	3	the	the	DET
fsr-3267	121	4	15	15	NUM
fsr-3267	121	5	-	-	PUNCT
fsr-3267	121	6	year	year	NOUN
fsr-3267	121	7	mortgagor	mortgagor	NOUN
fsr-3267	121	8	’s	’s	PART
fsr-3267	121	9	investment	investment	NOUN
fsr-3267	121	10	of	of	ADP
fsr-3267	121	11	the	the	DET
fsr-3267	121	12	additional	additional	ADJ
fsr-3267	121	13	$	$	SYM
fsr-3267	121	14	1102.69	1102.69	NUM
fsr-3267	121	15	/	/	SYM
fsr-3267	121	16	month	month	NOUN
fsr-3267	121	17	for	for	ADP
fsr-3267	121	18	15	15	NUM
fsr-3267	121	19	years	year	NOUN
fsr-3267	121	20	has	have	AUX
fsr-3267	121	21	produced	produce	VERB
fsr-3267	121	22	a	a	DET
fsr-3267	121	23	gain	gain	NOUN
fsr-3267	121	24	(	(	PUNCT
fsr-3267	121	25	savings	saving	NOUN
fsr-3267	121	26	)	)	PUNCT
fsr-3267	121	27	of	of	ADP
fsr-3267	121	28	$	$	SYM
fsr-3267	121	29	2533.43	2533.43	NUM
fsr-3267	121	30	/	/	SYM
fsr-3267	121	31	month	month	NOUN
fsr-3267	121	32	for	for	ADP
fsr-3267	121	33	the	the	DET
fsr-3267	121	34	15	15	NUM
fsr-3267	121	35	years	year	NOUN
fsr-3267	121	36	after	after	ADP
fsr-3267	121	37	that	that	PRON
fsr-3267	121	38	.	.	PUNCT
fsr-3267	122	1	the	the	DET
fsr-3267	122	2	internal	internal	ADJ
fsr-3267	122	3	rate	rate	NOUN
fsr-3267	122	4	of	of	ADP
fsr-3267	122	5	return	return	NOUN
fsr-3267	122	6	(	(	PUNCT
fsr-3267	122	7	irr	irr	NOUN
fsr-3267	122	8	)	)	PUNCT
fsr-3267	122	9	of	of	ADP
fsr-3267	122	10	this	this	DET
fsr-3267	122	11	investment	investment	NOUN
fsr-3267	122	12	is	be	AUX
fsr-3267	122	13	the	the	DET
fsr-3267	122	14	value	value	NOUN
fsr-3267	122	15	of	of	ADP
fsr-3267	122	16	r	r	NOUN
fsr-3267	122	17	satisfying	satisfy	VERB
fsr-3267	122	18	1102.69(fvifa180	1102.69(fvifa180	NUM
fsr-3267	122	19	,	,	PUNCT
fsr-3267	122	20	r%	r%	PROPN
fsr-3267	122	21	)	)	PUNCT
fsr-3267	122	22	�	�	PROPN
fsr-3267	122	23	2533.43(pvifa180	2533.43(pvifa180	NUM
fsr-3267	122	24	,	,	PUNCT
fsr-3267	122	25	r%).6	r%).6	VERB
fsr-3267	122	26	the	the	DET
fsr-3267	122	27	solution	solution	NOUN
fsr-3267	122	28	is	be	AUX
fsr-3267	122	29	r	r	NOUN
fsr-3267	122	30	�	�	NOUN
fsr-3267	122	31	0.4632%/month	0.4632%/month	NOUN
fsr-3267	122	32	,	,	PUNCT
fsr-3267	122	33	or	or	CCONJ
fsr-3267	122	34	an	an	DET
fsr-3267	122	35	apr	apr	NOUN
fsr-3267	122	36	of	of	ADP
fsr-3267	122	37	5.56	5.56	NUM
fsr-3267	122	38	%	%	NOUN
fsr-3267	122	39	.	.	PUNCT
fsr-3267	123	1	a	a	DET
fsr-3267	123	2	well	well	ADV
fsr-3267	123	3	-	-	PUNCT
fsr-3267	123	4	established	establish	VERB
fsr-3267	123	5	principle	principle	NOUN
fsr-3267	123	6	in	in	ADP
fsr-3267	123	7	finance	finance	NOUN
fsr-3267	123	8	is	be	AUX
fsr-3267	123	9	that	that	SCONJ
fsr-3267	123	10	,	,	PUNCT
fsr-3267	123	11	when	when	SCONJ
fsr-3267	123	12	directly	directly	ADV
fsr-3267	123	13	comparing	compare	VERB
fsr-3267	123	14	the	the	DET
fsr-3267	123	15	returns	return	NOUN
fsr-3267	123	16	on	on	ADP
fsr-3267	123	17	two	two	NUM
fsr-3267	123	18	investments	investment	NOUN
fsr-3267	123	19	,	,	PUNCT
fsr-3267	123	20	it	it	PRON
fsr-3267	123	21	is	be	AUX
fsr-3267	123	22	important	important	ADJ
fsr-3267	123	23	to	to	PART
fsr-3267	123	24	account	account	VERB
fsr-3267	123	25	for	for	ADP
fsr-3267	123	26	risk	risk	NOUN
fsr-3267	123	27	.	.	PUNCT
fsr-3267	124	1	for	for	ADP
fsr-3267	124	2	example	example	NOUN
fsr-3267	124	3	,	,	PUNCT
fsr-3267	124	4	it	it	PRON
fsr-3267	124	5	is	be	AUX
fsr-3267	124	6	inappropriate	inappropriate	ADJ
fsr-3267	124	7	to	to	PART
fsr-3267	124	8	suggest	suggest	VERB
fsr-3267	124	9	a	a	DET
fsr-3267	124	10	cd	cd	NOUN
fsr-3267	124	11	yielding	yield	VERB
fsr-3267	124	12	3	3	NUM
fsr-3267	124	13	%	%	NOUN
fsr-3267	124	14	is	be	AUX
fsr-3267	124	15	a	a	DET
fsr-3267	124	16	worse	bad	ADJ
fsr-3267	124	17	investment	investment	NOUN
fsr-3267	124	18	than	than	ADP
fsr-3267	124	19	a	a	DET
fsr-3267	124	20	stock	stock	NOUN
fsr-3267	124	21	index	index	NOUN
fsr-3267	124	22	fund	fund	NOUN
fsr-3267	124	23	producing	produce	VERB
fsr-3267	124	24	an	an	DET
fsr-3267	124	25	expected	expect	VERB
fsr-3267	124	26	return	return	NOUN
fsr-3267	124	27	of	of	ADP
fsr-3267	124	28	12	12	NUM
fsr-3267	124	29	%	%	NOUN
fsr-3267	124	30	because	because	SCONJ
fsr-3267	124	31	the	the	DET
fsr-3267	124	32	index	index	NOUN
fsr-3267	124	33	fund	fund	NOUN
fsr-3267	124	34	has	have	VERB
fsr-3267	124	35	significantly	significantly	ADV
fsr-3267	124	36	higher	high	ADJ
fsr-3267	124	37	risk	risk	NOUN
fsr-3267	124	38	,	,	PUNCT
fsr-3267	124	39	and	and	CCONJ
fsr-3267	124	40	much	much	ADJ
fsr-3267	124	41	of	of	ADP
fsr-3267	124	42	that	that	DET
fsr-3267	124	43	9	9	NUM
fsr-3267	124	44	%	%	NOUN
fsr-3267	124	45	differential	differential	NOUN
fsr-3267	124	46	is	be	AUX
fsr-3267	124	47	compensation	compensation	NOUN
fsr-3267	124	48	for	for	ADP
fsr-3267	124	49	that	that	DET
fsr-3267	124	50	risk	risk	NOUN
fsr-3267	124	51	.	.	PUNCT
fsr-3267	125	1	similarly	similarly	ADV
fsr-3267	125	2	,	,	PUNCT
fsr-3267	125	3	because	because	SCONJ
fsr-3267	125	4	leases	lease	NOUN
fsr-3267	125	5	entail	entail	VERB
fsr-3267	125	6	cash	cash	NOUN
fsr-3267	125	7	outflows	outflow	NOUN
fsr-3267	125	8	that	that	PRON
fsr-3267	125	9	are	be	AUX
fsr-3267	125	10	relatively	relatively	ADV
fsr-3267	125	11	fig	fig	NOUN
fsr-3267	125	12	.	.	PUNCT
fsr-3267	126	1	2	2	X
fsr-3267	126	2	.	.	X
fsr-3267	126	3	the	the	DET
fsr-3267	126	4	price	price	NOUN
fsr-3267	126	5	of	of	ADP
fsr-3267	126	6	a	a	DET
fsr-3267	126	7	30	30	NUM
fsr-3267	126	8	-	-	PUNCT
fsr-3267	126	9	year	year	NOUN
fsr-3267	126	10	mortgage	mortgage	NOUN
fsr-3267	126	11	’s	’s	PART
fsr-3267	126	12	greater	great	ADJ
fsr-3267	126	13	flexibility	flexibility	NOUN
fsr-3267	126	14	.	.	PUNCT
fsr-3267	127	1	panel	panel	NOUN
fsr-3267	127	2	a	a	DET
fsr-3267	127	3	:	:	PUNCT
fsr-3267	127	4	exaggerated	exaggerated	ADJ
fsr-3267	127	5	example	example	NOUN
fsr-3267	127	6	of	of	ADP
fsr-3267	127	7	the	the	DET
fsr-3267	127	8	price	price	NOUN
fsr-3267	127	9	of	of	ADP
fsr-3267	127	10	flexibility	flexibility	NOUN
fsr-3267	127	11	.	.	PUNCT
fsr-3267	128	1	the	the	DET
fsr-3267	128	2	figure	figure	NOUN
fsr-3267	128	3	on	on	ADP
fsr-3267	128	4	the	the	DET
fsr-3267	128	5	left	left	NOUN
fsr-3267	128	6	represents	represent	VERB
fsr-3267	128	7	the	the	DET
fsr-3267	128	8	monthly	monthly	ADJ
fsr-3267	128	9	payment	payment	NOUN
fsr-3267	128	10	for	for	ADP
fsr-3267	128	11	a	a	DET
fsr-3267	128	12	15	15	NUM
fsr-3267	128	13	-	-	PUNCT
fsr-3267	128	14	year	year	NOUN
fsr-3267	128	15	,	,	PUNCT
fsr-3267	128	16	$	$	SYM
fsr-3267	128	17	500,000	500,000	NUM
fsr-3267	128	18	mortgage	mortgage	NOUN
fsr-3267	128	19	at	at	ADP
fsr-3267	128	20	a	a	DET
fsr-3267	128	21	3.6%/year	3.6%/year	PROPN
fsr-3267	128	22	apr	apr	NOUN
fsr-3267	128	23	,	,	PUNCT
fsr-3267	128	24	while	while	SCONJ
fsr-3267	128	25	the	the	DET
fsr-3267	128	26	one	one	NOUN
fsr-3267	128	27	on	on	ADP
fsr-3267	128	28	the	the	DET
fsr-3267	128	29	right	right	NOUN
fsr-3267	128	30	represents	represent	VERB
fsr-3267	128	31	that	that	PRON
fsr-3267	128	32	of	of	ADP
fsr-3267	128	33	a	a	DET
fsr-3267	128	34	30	30	NUM
fsr-3267	128	35	-	-	PUNCT
fsr-3267	128	36	year	year	NOUN
fsr-3267	128	37	mortgage	mortgage	NOUN
fsr-3267	128	38	at	at	ADP
fsr-3267	128	39	an	an	DET
fsr-3267	128	40	unrealistically	unrealistically	ADV
fsr-3267	128	41	high	high	ADJ
fsr-3267	128	42	7.2%/year	7.2%/year	NOUN
fsr-3267	128	43	.	.	PUNCT
fsr-3267	129	1	the	the	DET
fsr-3267	129	2	figure	figure	NOUN
fsr-3267	129	3	in	in	ADP
fsr-3267	129	4	the	the	DET
fsr-3267	129	5	center	center	NOUN
fsr-3267	129	6	represents	represent	VERB
fsr-3267	129	7	payments	payment	NOUN
fsr-3267	129	8	on	on	ADP
fsr-3267	129	9	a	a	DET
fsr-3267	129	10	hypothetical	hypothetical	ADJ
fsr-3267	129	11	30	30	NUM
fsr-3267	129	12	-	-	PUNCT
fsr-3267	129	13	year	year	NOUN
fsr-3267	129	14	mortgage	mortgage	NOUN
fsr-3267	129	15	at	at	ADP
fsr-3267	129	16	the	the	DET
fsr-3267	129	17	15	15	NUM
fsr-3267	129	18	-	-	PUNCT
fsr-3267	129	19	year	year	NOUN
fsr-3267	129	20	rate	rate	NOUN
fsr-3267	129	21	of	of	ADP
fsr-3267	129	22	3.6	3.6	NUM
fsr-3267	129	23	%	%	NOUN
fsr-3267	129	24	.	.	PUNCT
fsr-3267	130	1	if	if	SCONJ
fsr-3267	130	2	the	the	DET
fsr-3267	130	3	mortgagor	mortgagor	NOUN
fsr-3267	130	4	could	could	AUX
fsr-3267	130	5	secure	secure	VERB
fsr-3267	130	6	such	such	DET
fsr-3267	130	7	a	a	DET
fsr-3267	130	8	loan	loan	NOUN
fsr-3267	130	9	,	,	PUNCT
fsr-3267	130	10	he	he	PRON
fsr-3267	130	11	would	would	AUX
fsr-3267	130	12	have	have	VERB
fsr-3267	130	13	the	the	DET
fsr-3267	130	14	flexibility	flexibility	NOUN
fsr-3267	130	15	to	to	PART
fsr-3267	130	16	pay	pay	VERB
fsr-3267	130	17	$	$	SYM
fsr-3267	130	18	3599.02	3599.02	NUM
fsr-3267	130	19	–	–	PUNCT
fsr-3267	130	20	2273.23	2273.23	NUM
fsr-3267	130	21	�	�	PROPN
fsr-3267	130	22	$	$	SYM
fsr-3267	130	23	1325.79	1325.79	NUM
fsr-3267	130	24	less	less	ADJ
fsr-3267	130	25	per	per	ADP
fsr-3267	130	26	month	month	NOUN
fsr-3267	130	27	.	.	PUNCT
fsr-3267	131	1	however	however	ADV
fsr-3267	131	2	,	,	PUNCT
fsr-3267	131	3	this	this	DET
fsr-3267	131	4	flexibility	flexibility	NOUN
fsr-3267	131	5	comes	come	VERB
fsr-3267	131	6	with	with	ADP
fsr-3267	131	7	a	a	DET
fsr-3267	131	8	cost	cost	NOUN
fsr-3267	131	9	because	because	SCONJ
fsr-3267	131	10	the	the	DET
fsr-3267	131	11	actual	actual	ADJ
fsr-3267	131	12	30	30	NUM
fsr-3267	131	13	-	-	PUNCT
fsr-3267	131	14	year	year	NOUN
fsr-3267	131	15	rate	rate	NOUN
fsr-3267	131	16	requires	require	VERB
fsr-3267	131	17	a	a	DET
fsr-3267	131	18	payment	payment	NOUN
fsr-3267	131	19	of	of	ADP
fsr-3267	131	20	$	$	SYM
fsr-3267	131	21	3393.94	3393.94	NUM
fsr-3267	131	22	–	–	PUNCT
fsr-3267	131	23	2273.23	2273.23	NUM
fsr-3267	131	24	�	�	PROPN
fsr-3267	131	25	1120.71	1120.71	NUM
fsr-3267	131	26	more	more	ADJ
fsr-3267	131	27	than	than	ADP
fsr-3267	131	28	the	the	DET
fsr-3267	131	29	hypothetical	hypothetical	ADJ
fsr-3267	131	30	mortgage	mortgage	NOUN
fsr-3267	131	31	.	.	PUNCT
fsr-3267	132	1	thus	thus	ADV
fsr-3267	132	2	the	the	DET
fsr-3267	132	3	30	30	NUM
fsr-3267	132	4	-	-	PUNCT
fsr-3267	132	5	year	year	NOUN
fsr-3267	132	6	borrower	borrower	NOUN
fsr-3267	132	7	pays	pay	VERB
fsr-3267	132	8	1120.71/	1120.71/	NUM
fsr-3267	132	9	month	month	NOUN
fsr-3267	132	10	for	for	ADP
fsr-3267	132	11	the	the	DET
fsr-3267	132	12	option	option	NOUN
fsr-3267	132	13	to	to	PART
fsr-3267	132	14	pay	pay	VERB
fsr-3267	132	15	1325.79	1325.79	NUM
fsr-3267	132	16	less	less	ADJ
fsr-3267	132	17	,	,	PUNCT
fsr-3267	132	18	and	and	CCONJ
fsr-3267	132	19	ends	end	VERB
fsr-3267	132	20	up	up	ADP
fsr-3267	132	21	paying	pay	VERB
fsr-3267	132	22	only	only	ADV
fsr-3267	132	23	$	$	SYM
fsr-3267	132	24	205.08	205.08	NUM
fsr-3267	132	25	per	per	ADP
fsr-3267	132	26	month	month	NOUN
fsr-3267	132	27	less	less	ADJ
fsr-3267	132	28	than	than	ADP
fsr-3267	132	29	the	the	DET
fsr-3267	132	30	15	15	NUM
fsr-3267	132	31	-	-	PUNCT
fsr-3267	132	32	year	year	NOUN
fsr-3267	132	33	borrower	borrower	NOUN
fsr-3267	132	34	.	.	PUNCT
fsr-3267	133	1	it	it	PRON
fsr-3267	133	2	is	be	AUX
fsr-3267	133	3	difficult	difficult	ADJ
fsr-3267	133	4	to	to	PART
fsr-3267	133	5	imagine	imagine	VERB
fsr-3267	133	6	borrowers	borrower	NOUN
fsr-3267	133	7	for	for	ADP
fsr-3267	133	8	whom	whom	PRON
fsr-3267	133	9	this	this	DET
fsr-3267	133	10	$	$	SYM
fsr-3267	133	11	205.08	205.08	NUM
fsr-3267	133	12	savings	saving	NOUN
fsr-3267	133	13	for	for	ADP
fsr-3267	133	14	the	the	DET
fsr-3267	133	15	first	first	ADJ
fsr-3267	133	16	15	15	NUM
fsr-3267	133	17	years	year	NOUN
fsr-3267	133	18	is	be	AUX
fsr-3267	133	19	worth	worth	ADJ
fsr-3267	133	20	paying	pay	VERB
fsr-3267	133	21	$	$	SYM
fsr-3267	133	22	3393.94	3393.94	NUM
fsr-3267	133	23	/	/	SYM
fsr-3267	133	24	month	month	NOUN
fsr-3267	133	25	more	more	ADJ
fsr-3267	133	26	for	for	ADP
fsr-3267	133	27	the	the	DET
fsr-3267	133	28	last	last	ADJ
fsr-3267	133	29	15	15	NUM
fsr-3267	133	30	years	year	NOUN
fsr-3267	133	31	.	.	PUNCT
fsr-3267	134	1	panel	panel	NOUN
fsr-3267	134	2	b	b	X
fsr-3267	134	3	:	:	PUNCT
fsr-3267	134	4	moderate	moderate	ADJ
fsr-3267	134	5	example	example	NOUN
fsr-3267	134	6	of	of	ADP
fsr-3267	134	7	the	the	DET
fsr-3267	134	8	price	price	NOUN
fsr-3267	134	9	of	of	ADP
fsr-3267	134	10	flexibility	flexibility	NOUN
fsr-3267	134	11	.	.	PUNCT
fsr-3267	135	1	this	this	DET
fsr-3267	135	2	panel	panel	NOUN
fsr-3267	135	3	makes	make	VERB
fsr-3267	135	4	the	the	DET
fsr-3267	135	5	same	same	ADJ
fsr-3267	135	6	point	point	NOUN
fsr-3267	135	7	as	as	ADP
fsr-3267	135	8	panel	panel	NOUN
fsr-3267	135	9	a	a	NOUN
fsr-3267	135	10	,	,	PUNCT
fsr-3267	135	11	but	but	CCONJ
fsr-3267	135	12	with	with	ADP
fsr-3267	135	13	more	more	ADV
fsr-3267	135	14	reasonable	reasonable	ADJ
fsr-3267	135	15	values	value	NOUN
fsr-3267	135	16	.	.	PUNCT
fsr-3267	136	1	here	here	ADV
fsr-3267	136	2	the	the	DET
fsr-3267	136	3	30	30	NUM
fsr-3267	136	4	-	-	PUNCT
fsr-3267	136	5	year	year	NOUN
fsr-3267	136	6	borrower	borrower	NOUN
fsr-3267	136	7	is	be	AUX
fsr-3267	136	8	paying	pay	VERB
fsr-3267	136	9	back	back	ADV
fsr-3267	136	10	$	$	SYM
fsr-3267	136	11	2533.43	2533.43	NUM
fsr-3267	136	12	–	–	PUNCT
fsr-3267	136	13	2315.88	2315.88	NUM
fsr-3267	136	14	�	�	PROPN
fsr-3267	136	15	$	$	SYM
fsr-3267	136	16	217.85	217.85	NUM
fsr-3267	136	17	for	for	ADP
fsr-3267	136	18	the	the	DET
fsr-3267	136	19	option	option	NOUN
fsr-3267	136	20	to	to	PART
fsr-3267	136	21	pay	pay	VERB
fsr-3267	136	22	$	$	SYM
fsr-3267	136	23	3636.11	3636.11	NUM
fsr-3267	136	24	–	–	PUNCT
fsr-3267	136	25	2315.58	2315.58	NUM
fsr-3267	136	26	�	�	PROPN
fsr-3267	136	27	$	$	SYM
fsr-3267	136	28	1320.53	1320.53	NUM
fsr-3267	136	29	less	less	ADJ
fsr-3267	136	30	per	per	ADP
fsr-3267	136	31	month	month	NOUN
fsr-3267	136	32	.	.	PUNCT
fsr-3267	137	1	certainly	certainly	ADV
fsr-3267	137	2	some	some	DET
fsr-3267	137	3	borrowers	borrower	NOUN
fsr-3267	137	4	will	will	AUX
fsr-3267	137	5	find	find	VERB
fsr-3267	137	6	this	this	DET
fsr-3267	137	7	reasonable	reasonable	ADJ
fsr-3267	137	8	,	,	PUNCT
fsr-3267	137	9	but	but	CCONJ
fsr-3267	137	10	when	when	SCONJ
fsr-3267	137	11	the	the	DET
fsr-3267	137	12	problem	problem	NOUN
fsr-3267	137	13	is	be	AUX
fsr-3267	137	14	framed	frame	VERB
fsr-3267	137	15	this	this	DET
fsr-3267	137	16	way	way	NOUN
fsr-3267	137	17	,	,	PUNCT
fsr-3267	137	18	many	many	ADJ
fsr-3267	137	19	will	will	AUX
fsr-3267	137	20	not	not	PART
fsr-3267	137	21	.	.	PUNCT
fsr-3267	138	1	93j	93j	NUM
fsr-3267	138	2	.	.	PUNCT
fsr-3267	139	1	musumeci	musumeci	PROPN
fsr-3267	139	2	/	/	SYM
fsr-3267	139	3	financial	financial	ADJ
fsr-3267	139	4	services	service	NOUN
fsr-3267	139	5	review	review	VERB
fsr-3267	139	6	25	25	NUM
fsr-3267	139	7	(	(	PUNCT
fsr-3267	139	8	2016	2016	NUM
fsr-3267	139	9	)	)	PUNCT
fsr-3267	140	1	87–104	87–104	PROPN
fsr-3267	140	2	certain	certain	ADJ
fsr-3267	140	3	,	,	PUNCT
fsr-3267	140	4	ross	ross	PROPN
fsr-3267	140	5	et	et	PROPN
fsr-3267	140	6	al	al	PROPN
fsr-3267	140	7	.	.	PROPN
fsr-3267	141	1	(	(	PUNCT
fsr-3267	141	2	2013	2013	NUM
fsr-3267	141	3	)	)	PUNCT
fsr-3267	141	4	point	point	NOUN
fsr-3267	141	5	out	out	ADP
fsr-3267	141	6	that	that	SCONJ
fsr-3267	141	7	the	the	DET
fsr-3267	141	8	after	after	ADP
fsr-3267	141	9	-	-	PUNCT
fsr-3267	141	10	tax	tax	NOUN
fsr-3267	141	11	cost	cost	NOUN
fsr-3267	141	12	of	of	ADP
fsr-3267	141	13	debt	debt	NOUN
fsr-3267	141	14	is	be	AUX
fsr-3267	141	15	a	a	DET
fsr-3267	141	16	more	more	ADV
fsr-3267	141	17	appropriate	appropriate	ADJ
fsr-3267	141	18	discount	discount	NOUN
fsr-3267	141	19	rate	rate	NOUN
fsr-3267	141	20	when	when	SCONJ
fsr-3267	141	21	evaluating	evaluate	VERB
fsr-3267	141	22	leases	lease	NOUN
fsr-3267	141	23	than	than	SCONJ
fsr-3267	141	24	is	be	AUX
fsr-3267	141	25	the	the	DET
fsr-3267	141	26	cost	cost	NOUN
fsr-3267	141	27	of	of	ADP
fsr-3267	141	28	capital	capital	NOUN
fsr-3267	141	29	.	.	PUNCT
fsr-3267	142	1	cheung	cheung	PROPN
fsr-3267	142	2	and	and	CCONJ
fsr-3267	142	3	miu	miu	PROPN
fsr-3267	142	4	(	(	PUNCT
fsr-3267	142	5	2015	2015	NUM
fsr-3267	142	6	)	)	PUNCT
fsr-3267	142	7	make	make	VERB
fsr-3267	142	8	a	a	DET
fsr-3267	142	9	similar	similar	ADJ
fsr-3267	142	10	observation	observation	NOUN
fsr-3267	142	11	that	that	SCONJ
fsr-3267	142	12	real	real	ADJ
fsr-3267	142	13	estate	estate	NOUN
fsr-3267	142	14	is	be	AUX
fsr-3267	142	15	comparable	comparable	ADJ
fsr-3267	142	16	to	to	ADP
fsr-3267	142	17	bonds	bond	NOUN
fsr-3267	142	18	because	because	SCONJ
fsr-3267	142	19	“	"	PUNCT
fsr-3267	142	20	bonds	bond	NOUN
fsr-3267	142	21	and	and	CCONJ
fsr-3267	142	22	real	real	ADJ
fsr-3267	142	23	estate	estate	NOUN
fsr-3267	142	24	share	share	VERB
fsr-3267	142	25	very	very	ADV
fsr-3267	142	26	similar	similar	ADJ
fsr-3267	142	27	risk	risk	NOUN
fsr-3267	142	28	and	and	CCONJ
fsr-3267	142	29	return	return	NOUN
fsr-3267	142	30	characteristics	characteristic	NOUN
fsr-3267	142	31	,	,	PUNCT
fsr-3267	142	32	”	"	PUNCT
fsr-3267	142	33	and	and	CCONJ
fsr-3267	142	34	reichenstein	reichenstein	NOUN
fsr-3267	142	35	(	(	PUNCT
fsr-3267	142	36	1998	1998	NUM
fsr-3267	142	37	)	)	PUNCT
fsr-3267	142	38	similarly	similarly	ADV
fsr-3267	142	39	views	view	VERB
fsr-3267	142	40	a	a	DET
fsr-3267	142	41	mortgage	mortgage	NOUN
fsr-3267	142	42	as	as	ADP
fsr-3267	142	43	a	a	DET
fsr-3267	142	44	short	short	ADJ
fsr-3267	142	45	position	position	NOUN
fsr-3267	142	46	in	in	ADP
fsr-3267	142	47	bonds	bond	NOUN
fsr-3267	142	48	.	.	PUNCT
fsr-3267	143	1	our	our	PRON
fsr-3267	143	2	example	example	NOUN
fsr-3267	143	3	of	of	ADP
fsr-3267	143	4	the	the	DET
fsr-3267	143	5	marginal	marginal	ADJ
fsr-3267	143	6	cash	cash	NOUN
fsr-3267	143	7	flows	flow	NOUN
fsr-3267	143	8	from	from	ADP
fsr-3267	143	9	trading	trade	VERB
fsr-3267	143	10	a	a	DET
fsr-3267	143	11	30	30	NUM
fsr-3267	143	12	-	-	PUNCT
fsr-3267	143	13	year	year	NOUN
fsr-3267	143	14	mortgage	mortgage	NOUN
fsr-3267	143	15	for	for	ADP
fsr-3267	143	16	a	a	DET
fsr-3267	143	17	15	15	NUM
fsr-3267	143	18	-	-	PUNCT
fsr-3267	143	19	year	year	NOUN
fsr-3267	143	20	produces	produce	VERB
fsr-3267	143	21	cash	cash	NOUN
fsr-3267	143	22	flows	flow	NOUN
fsr-3267	143	23	with	with	ADP
fsr-3267	143	24	very	very	ADV
fsr-3267	143	25	low	low	ADJ
fsr-3267	143	26	risk	risk	NOUN
fsr-3267	143	27	,	,	PUNCT
fsr-3267	143	28	and	and	CCONJ
fsr-3267	143	29	thus	thus	ADV
fsr-3267	143	30	a	a	DET
fsr-3267	143	31	fair	fair	ADJ
fsr-3267	143	32	comparison	comparison	NOUN
fsr-3267	143	33	is	be	AUX
fsr-3267	143	34	other	other	ADJ
fsr-3267	143	35	investments	investment	NOUN
fsr-3267	143	36	with	with	ADP
fsr-3267	143	37	low	low	ADJ
fsr-3267	143	38	risk	risk	NOUN
fsr-3267	143	39	.	.	PUNCT
fsr-3267	144	1	the	the	DET
fsr-3267	144	2	5.56	5.56	NUM
fsr-3267	144	3	%	%	NOUN
fsr-3267	144	4	irr	irr	NOUN
fsr-3267	144	5	of	of	ADP
fsr-3267	144	6	the	the	DET
fsr-3267	144	7	previous	previous	ADJ
fsr-3267	144	8	paragraph	paragraph	NOUN
fsr-3267	144	9	is	be	AUX
fsr-3267	144	10	a	a	DET
fsr-3267	144	11	significantly	significantly	ADV
fsr-3267	144	12	higher	high	ADJ
fsr-3267	144	13	return	return	NOUN
fsr-3267	144	14	than	than	ADP
fsr-3267	144	15	other	other	ADJ
fsr-3267	144	16	contemporary	contemporary	ADJ
fsr-3267	144	17	investments	investment	NOUN
fsr-3267	144	18	with	with	ADP
fsr-3267	144	19	such	such	ADJ
fsr-3267	144	20	low	low	ADJ
fsr-3267	144	21	risk	risk	NOUN
fsr-3267	144	22	(	(	PUNCT
fsr-3267	144	23	e.g.	e.g.	ADV
fsr-3267	144	24	,	,	PUNCT
fsr-3267	144	25	as	as	ADP
fsr-3267	144	26	of	of	ADP
fsr-3267	144	27	early	early	ADJ
fsr-3267	144	28	february	february	PROPN
fsr-3267	144	29	,	,	PUNCT
fsr-3267	144	30	2014	2014	NUM
fsr-3267	144	31	,	,	PUNCT
fsr-3267	144	32	the	the	DET
fsr-3267	144	33	yield	yield	NOUN
fsr-3267	144	34	on	on	ADP
fsr-3267	144	35	30	30	NUM
fsr-3267	144	36	-	-	PUNCT
fsr-3267	144	37	year	year	NOUN
fsr-3267	144	38	t	t	NOUN
fsr-3267	144	39	-	-	PUNCT
fsr-3267	144	40	bonds	bond	NOUN
fsr-3267	144	41	was	be	AUX
fsr-3267	144	42	only	only	ADV
fsr-3267	144	43	about	about	ADV
fsr-3267	144	44	3.67	3.67	NUM
fsr-3267	144	45	%	%	NOUN
fsr-3267	144	46	)	)	PUNCT
fsr-3267	144	47	and	and	CCONJ
fsr-3267	144	48	is	be	AUX
fsr-3267	144	49	earned	earn	VERB
fsr-3267	144	50	at	at	ADP
fsr-3267	144	51	only	only	ADV
fsr-3267	144	52	the	the	DET
fsr-3267	144	53	cost	cost	NOUN
fsr-3267	144	54	of	of	ADP
fsr-3267	144	55	reducing	reduce	VERB
fsr-3267	144	56	the	the	DET
fsr-3267	144	57	values	value	NOUN
fsr-3267	144	58	of	of	ADP
fsr-3267	144	59	the	the	DET
fsr-3267	144	60	mortgagor	mortgagor	NOUN
fsr-3267	144	61	’s	’s	PART
fsr-3267	144	62	options	option	NOUN
fsr-3267	144	63	to	to	PART
fsr-3267	144	64	default	default	VERB
fsr-3267	144	65	or	or	CCONJ
fsr-3267	144	66	refinance.7	refinance.7	NOUN
fsr-3267	144	67	another	another	DET
fsr-3267	144	68	metric	metric	NOUN
fsr-3267	144	69	is	be	AUX
fsr-3267	144	70	net	net	ADJ
fsr-3267	144	71	present	present	ADJ
fsr-3267	144	72	value	value	NOUN
fsr-3267	144	73	(	(	PUNCT
fsr-3267	144	74	npv	npv	NOUN
fsr-3267	144	75	)	)	PUNCT
fsr-3267	144	76	;	;	PUNCT
fsr-3267	144	77	using	use	VERB
fsr-3267	144	78	the	the	DET
fsr-3267	144	79	15	15	NUM
fsr-3267	144	80	-	-	PUNCT
fsr-3267	144	81	year	year	NOUN
fsr-3267	144	82	apr	apr	NOUN
fsr-3267	144	83	of	of	ADP
fsr-3267	144	84	3.75	3.75	NUM
fsr-3267	144	85	%	%	NOUN
fsr-3267	144	86	,	,	PUNCT
fsr-3267	144	87	for	for	ADP
fsr-3267	144	88	example	example	NOUN
fsr-3267	144	89	,	,	PUNCT
fsr-3267	144	90	we	we	PRON
fsr-3267	144	91	find	find	VERB
fsr-3267	144	92	the	the	DET
fsr-3267	144	93	npv	npv	NOUN
fsr-3267	144	94	of	of	ADP
fsr-3267	144	95	the	the	DET
fsr-3267	144	96	marginal	marginal	ADJ
fsr-3267	144	97	cash	cash	NOUN
fsr-3267	144	98	flows	flow	NOUN
fsr-3267	144	99	of	of	ADP
fsr-3267	144	100	15	15	NUM
fsr-3267	144	101	-	-	PUNCT
fsr-3267	144	102	year	year	NOUN
fsr-3267	144	103	mortgage	mortgage	NOUN
fsr-3267	144	104	,	,	PUNCT
fsr-3267	144	105	when	when	SCONJ
fsr-3267	144	106	compared	compare	VERB
fsr-3267	144	107	with	with	ADP
fsr-3267	144	108	those	those	PRON
fsr-3267	144	109	of	of	ADP
fsr-3267	144	110	the	the	DET
fsr-3267	144	111	30	30	NUM
fsr-3267	144	112	-	-	PUNCT
fsr-3267	144	113	year	year	NOUN
fsr-3267	144	114	,	,	PUNCT
fsr-3267	144	115	to	to	PART
fsr-3267	144	116	be	be	AUX
fsr-3267	144	117	$	$	SYM
fsr-3267	144	118	47,039.79	47,039.79	NUM
fsr-3267	144	119	.	.	PUNCT
fsr-3267	145	1	given	give	VERB
fsr-3267	145	2	our	our	PRON
fsr-3267	145	3	assumption	assumption	NOUN
fsr-3267	145	4	of	of	ADP
fsr-3267	145	5	no	no	DET
fsr-3267	145	6	default	default	NOUN
fsr-3267	145	7	,	,	PUNCT
fsr-3267	145	8	the	the	DET
fsr-3267	145	9	actual	actual	ADJ
fsr-3267	145	10	value	value	NOUN
fsr-3267	145	11	of	of	ADP
fsr-3267	145	12	the	the	DET
fsr-3267	145	13	house	house	NOUN
fsr-3267	145	14	plays	play	VERB
fsr-3267	145	15	no	no	DET
fsr-3267	145	16	role	role	NOUN
fsr-3267	145	17	in	in	ADP
fsr-3267	145	18	the	the	DET
fsr-3267	145	19	calculations	calculation	NOUN
fsr-3267	145	20	because	because	SCONJ
fsr-3267	145	21	it	it	PRON
fsr-3267	145	22	is	be	AUX
fsr-3267	145	23	not	not	PART
fsr-3267	145	24	a	a	DET
fsr-3267	145	25	marginal	marginal	ADJ
fsr-3267	145	26	effect	effect	NOUN
fsr-3267	145	27	;	;	PUNCT
fsr-3267	145	28	whether	whether	SCONJ
fsr-3267	145	29	the	the	DET
fsr-3267	145	30	borrower	borrower	NOUN
fsr-3267	145	31	takes	take	VERB
fsr-3267	145	32	out	out	ADP
fsr-3267	145	33	a	a	DET
fsr-3267	145	34	15	15	NUM
fsr-3267	145	35	-	-	PUNCT
fsr-3267	145	36	year	year	NOUN
fsr-3267	145	37	or	or	CCONJ
fsr-3267	145	38	a	a	DET
fsr-3267	145	39	30	30	NUM
fsr-3267	145	40	-	-	PUNCT
fsr-3267	145	41	year	year	NOUN
fsr-3267	145	42	mortgage	mortgage	NOUN
fsr-3267	145	43	affects	affect	VERB
fsr-3267	145	44	the	the	DET
fsr-3267	145	45	principal	principal	NOUN
fsr-3267	145	46	due	due	ADJ
fsr-3267	145	47	at	at	ADP
fsr-3267	145	48	any	any	DET
fsr-3267	145	49	time	time	NOUN
fsr-3267	145	50	,	,	PUNCT
fsr-3267	145	51	but	but	CCONJ
fsr-3267	145	52	does	do	AUX
fsr-3267	145	53	not	not	PART
fsr-3267	145	54	affect	affect	VERB
fsr-3267	145	55	the	the	DET
fsr-3267	145	56	actual	actual	ADJ
fsr-3267	145	57	value	value	NOUN
fsr-3267	145	58	of	of	ADP
fsr-3267	145	59	the	the	DET
fsr-3267	145	60	house	house	NOUN
fsr-3267	145	61	itself	itself	PRON
fsr-3267	145	62	.	.	PUNCT
fsr-3267	146	1	the	the	DET
fsr-3267	146	2	previous	previous	ADJ
fsr-3267	146	3	analysis	analysis	NOUN
fsr-3267	146	4	assumed	assume	VERB
fsr-3267	146	5	the	the	DET
fsr-3267	146	6	mortgage	mortgage	NOUN
fsr-3267	146	7	was	be	AUX
fsr-3267	146	8	held	hold	VERB
fsr-3267	146	9	for	for	ADP
fsr-3267	146	10	30	30	NUM
fsr-3267	146	11	years	year	NOUN
fsr-3267	146	12	.	.	PUNCT
fsr-3267	147	1	what	what	PRON
fsr-3267	147	2	if	if	SCONJ
fsr-3267	147	3	it	it	PRON
fsr-3267	147	4	is	be	AUX
fsr-3267	147	5	liquidated	liquidate	VERB
fsr-3267	147	6	before	before	ADP
fsr-3267	147	7	then	then	ADV
fsr-3267	147	8	?	?	PUNCT
fsr-3267	148	1	for	for	ADP
fsr-3267	148	2	example	example	NOUN
fsr-3267	148	3	,	,	PUNCT
fsr-3267	148	4	suppose	suppose	VERB
fsr-3267	148	5	the	the	DET
fsr-3267	148	6	house	house	NOUN
fsr-3267	148	7	is	be	AUX
fsr-3267	148	8	sold	sell	VERB
fsr-3267	148	9	after	after	ADP
fsr-3267	148	10	seven	seven	NUM
fsr-3267	148	11	years	year	NOUN
fsr-3267	148	12	.	.	PUNCT
fsr-3267	149	1	now	now	ADV
fsr-3267	149	2	the	the	DET
fsr-3267	149	3	15	15	NUM
fsr-3267	149	4	-	-	PUNCT
fsr-3267	149	5	year	year	NOUN
fsr-3267	149	6	mortgagor	mortgagor	NOUN
fsr-3267	149	7	still	still	ADV
fsr-3267	149	8	owes	owe	VERB
fsr-3267	149	9	$	$	SYM
fsr-3267	149	10	301,169.18	301,169.18	NUM
fsr-3267	149	11	,	,	PUNCT
fsr-3267	149	12	while	while	SCONJ
fsr-3267	149	13	the	the	DET
fsr-3267	149	14	30	30	NUM
fsr-3267	149	15	-	-	PUNCT
fsr-3267	149	16	year	year	NOUN
fsr-3267	149	17	borrower	borrower	NOUN
fsr-3267	149	18	owes	owe	VERB
fsr-3267	149	19	$	$	SYM
fsr-3267	149	20	133,962.24	133,962.24	NUM
fsr-3267	149	21	more	more	ADJ
fsr-3267	149	22	,	,	PUNCT
fsr-3267	149	23	or	or	CCONJ
fsr-3267	149	24	$	$	SYM
fsr-3267	149	25	435,131.42.8	435,131.42.8	ADV
fsr-3267	149	26	thus	thus	ADV
fsr-3267	149	27	,	,	PUNCT
fsr-3267	149	28	compared	compare	VERB
fsr-3267	149	29	with	with	ADP
fsr-3267	149	30	the	the	DET
fsr-3267	149	31	30	30	NUM
fsr-3267	149	32	-	-	PUNCT
fsr-3267	149	33	year	year	NOUN
fsr-3267	149	34	borrower	borrower	NOUN
fsr-3267	149	35	,	,	PUNCT
fsr-3267	149	36	the	the	DET
fsr-3267	149	37	15	15	NUM
fsr-3267	149	38	-	-	PUNCT
fsr-3267	149	39	year	year	NOUN
fsr-3267	149	40	borrower	borrower	NOUN
fsr-3267	149	41	has	have	AUX
fsr-3267	149	42	paid	pay	VERB
fsr-3267	149	43	1102.69	1102.69	NUM
fsr-3267	149	44	/	/	SYM
fsr-3267	149	45	month	month	NOUN
fsr-3267	149	46	more	more	ADJ
fsr-3267	149	47	for	for	ADP
fsr-3267	149	48	these	these	DET
fsr-3267	149	49	first	first	ADJ
fsr-3267	149	50	seven	seven	NUM
fsr-3267	149	51	years	year	NOUN
fsr-3267	149	52	,	,	PUNCT
fsr-3267	149	53	but	but	CCONJ
fsr-3267	149	54	owes	owe	VERB
fsr-3267	149	55	$	$	SYM
fsr-3267	149	56	133.962.24	133.962.24	NUM
fsr-3267	149	57	less	less	ADJ
fsr-3267	149	58	at	at	ADP
fsr-3267	149	59	liquidation	liquidation	NOUN
fsr-3267	149	60	.	.	PUNCT
fsr-3267	150	1	because	because	SCONJ
fsr-3267	150	2	both	both	DET
fsr-3267	150	3	borrowers	borrower	NOUN
fsr-3267	150	4	are	be	AUX
fsr-3267	150	5	liquidating	liquidate	VERB
fsr-3267	150	6	the	the	DET
fsr-3267	150	7	mortgage	mortgage	NOUN
fsr-3267	150	8	,	,	PUNCT
fsr-3267	150	9	there	there	PRON
fsr-3267	150	10	are	be	VERB
fsr-3267	150	11	no	no	DET
fsr-3267	150	12	cash	cash	NOUN
fsr-3267	150	13	flows	flow	NOUN
fsr-3267	150	14	at	at	ADP
fsr-3267	150	15	all	all	ADV
fsr-3267	150	16	(	(	PUNCT
fsr-3267	150	17	and	and	CCONJ
fsr-3267	150	18	,	,	PUNCT
fsr-3267	150	19	therefore	therefore	ADV
fsr-3267	150	20	,	,	PUNCT
fsr-3267	150	21	no	no	DET
fsr-3267	150	22	marginal	marginal	ADJ
fsr-3267	150	23	cash	cash	NOUN
fsr-3267	150	24	flows	flow	NOUN
fsr-3267	150	25	)	)	PUNCT
fsr-3267	150	26	after	after	ADP
fsr-3267	150	27	year	year	NOUN
fsr-3267	150	28	seven	seven	NUM
fsr-3267	150	29	.	.	PUNCT
fsr-3267	151	1	in	in	ADP
fsr-3267	151	2	this	this	DET
fsr-3267	151	3	case	case	NOUN
fsr-3267	151	4	the	the	DET
fsr-3267	151	5	irr	irr	NOUN
fsr-3267	151	6	of	of	ADP
fsr-3267	151	7	the	the	DET
fsr-3267	151	8	15	15	NUM
fsr-3267	151	9	-	-	PUNCT
fsr-3267	151	10	year	year	NOUN
fsr-3267	151	11	mortgagor	mortgagor	NOUN
fsr-3267	151	12	’s	’s	PART
fsr-3267	151	13	marginal	marginal	ADJ
fsr-3267	151	14	$	$	SYM
fsr-3267	151	15	1102.69	1102.69	NUM
fsr-3267	151	16	monthly	monthly	ADJ
fsr-3267	151	17	investment	investment	NOUN
fsr-3267	151	18	is	be	AUX
fsr-3267	151	19	the	the	DET
fsr-3267	151	20	value	value	NOUN
fsr-3267	151	21	of	of	ADP
fsr-3267	151	22	r	r	NOUN
fsr-3267	151	23	satisfying	satisfy	VERB
fsr-3267	151	24	1102.69(fvifa	1102.69(fvifa	NUM
fsr-3267	151	25	84	84	NUM
fsr-3267	151	26	,	,	PUNCT
fsr-3267	151	27	r%	r%	VERB
fsr-3267	151	28	)	)	PUNCT
fsr-3267	151	29	�	�	PROPN
fsr-3267	151	30	$	$	SYM
fsr-3267	151	31	133,962.24	133,962.24	NUM
fsr-3267	151	32	.	.	PUNCT
fsr-3267	152	1	the	the	DET
fsr-3267	152	2	solution	solution	NOUN
fsr-3267	152	3	is	be	AUX
fsr-3267	152	4	0.84%/month	0.84%/month	ADJ
fsr-3267	152	5	,	,	PUNCT
fsr-3267	152	6	or	or	CCONJ
fsr-3267	152	7	an	an	DET
fsr-3267	152	8	apr	apr	NOUN
fsr-3267	152	9	of	of	ADP
fsr-3267	152	10	10.12	10.12	NUM
fsr-3267	152	11	%	%	NOUN
fsr-3267	152	12	,	,	PUNCT
fsr-3267	152	13	which	which	PRON
fsr-3267	152	14	is	be	AUX
fsr-3267	152	15	significantly	significantly	ADV
fsr-3267	152	16	greater	great	ADJ
fsr-3267	152	17	than	than	ADP
fsr-3267	152	18	the	the	DET
fsr-3267	152	19	5.56	5.56	NUM
fsr-3267	152	20	%	%	NOUN
fsr-3267	152	21	apr	apr	NOUN
fsr-3267	152	22	of	of	ADP
fsr-3267	152	23	the	the	DET
fsr-3267	152	24	previous	previous	ADJ
fsr-3267	152	25	example	example	NOUN
fsr-3267	152	26	.	.	PUNCT
fsr-3267	153	1	however	however	ADV
fsr-3267	153	2	,	,	PUNCT
fsr-3267	153	3	using	use	VERB
fsr-3267	153	4	the	the	DET
fsr-3267	153	5	same	same	ADJ
fsr-3267	153	6	3.75	3.75	NUM
fsr-3267	153	7	%	%	NOUN
fsr-3267	153	8	as	as	ADP
fsr-3267	153	9	before	before	ADV
fsr-3267	153	10	to	to	PART
fsr-3267	153	11	find	find	VERB
fsr-3267	153	12	npv	npv	NOUN
fsr-3267	153	13	,	,	PUNCT
fsr-3267	153	14	we	we	PRON
fsr-3267	153	15	now	now	ADV
fsr-3267	153	16	find	find	VERB
fsr-3267	153	17	it	it	PRON
fsr-3267	153	18	to	to	PART
fsr-3267	153	19	be	be	AUX
fsr-3267	153	20	only	only	ADV
fsr-3267	153	21	$	$	SYM
fsr-3267	153	22	21,721.24	21,721.24	NUM
fsr-3267	153	23	,	,	PUNCT
fsr-3267	153	24	which	which	PRON
fsr-3267	153	25	is	be	AUX
fsr-3267	153	26	lower	low	ADJ
fsr-3267	153	27	than	than	ADP
fsr-3267	153	28	the	the	DET
fsr-3267	153	29	borrower	borrower	NOUN
fsr-3267	153	30	’s	’s	PART
fsr-3267	153	31	$	$	SYM
fsr-3267	153	32	47,039.79	47,039.79	NUM
fsr-3267	153	33	npv	npv	NOUN
fsr-3267	153	34	in	in	ADP
fsr-3267	153	35	that	that	DET
fsr-3267	153	36	example	example	NOUN
fsr-3267	153	37	.	.	PUNCT
fsr-3267	154	1	the	the	DET
fsr-3267	154	2	choice	choice	NOUN
fsr-3267	154	3	of	of	ADP
fsr-3267	154	4	when	when	SCONJ
fsr-3267	154	5	to	to	PART
fsr-3267	154	6	sell	sell	VERB
fsr-3267	154	7	the	the	DET
fsr-3267	154	8	house	house	NOUN
fsr-3267	154	9	would	would	AUX
fsr-3267	154	10	probably	probably	ADV
fsr-3267	154	11	be	be	AUX
fsr-3267	154	12	exogenous	exogenous	ADJ
fsr-3267	154	13	.	.	PUNCT
fsr-3267	155	1	however	however	ADV
fsr-3267	155	2	,	,	PUNCT
fsr-3267	155	3	if	if	SCONJ
fsr-3267	155	4	the	the	DET
fsr-3267	155	5	mortgagor	mortgagor	NOUN
fsr-3267	155	6	wanted	want	VERB
fsr-3267	155	7	to	to	PART
fsr-3267	155	8	rank	rank	VERB
fsr-3267	155	9	possible	possible	ADJ
fsr-3267	155	10	times	time	NOUN
fsr-3267	155	11	of	of	ADP
fsr-3267	155	12	sale	sale	NOUN
fsr-3267	155	13	,	,	PUNCT
fsr-3267	155	14	the	the	DET
fsr-3267	155	15	fact	fact	NOUN
fsr-3267	155	16	that	that	SCONJ
fsr-3267	155	17	the	the	DET
fsr-3267	155	18	alternatives	alternative	NOUN
fsr-3267	155	19	have	have	AUX
fsr-3267	155	20	different	different	ADJ
fsr-3267	155	21	lifespans	lifespan	NOUN
fsr-3267	155	22	would	would	AUX
fsr-3267	155	23	make	make	VERB
fsr-3267	155	24	npv	npv	NOUN
fsr-3267	155	25	an	an	DET
fsr-3267	155	26	inappropriate	inappropriate	ADJ
fsr-3267	155	27	ranking	ranking	ADJ
fsr-3267	155	28	device	device	NOUN
fsr-3267	155	29	.	.	PUNCT
fsr-3267	156	1	in	in	ADP
fsr-3267	156	2	such	such	ADJ
fsr-3267	156	3	cases	case	NOUN
fsr-3267	156	4	,	,	PUNCT
fsr-3267	156	5	finding	find	VERB
fsr-3267	156	6	an	an	DET
fsr-3267	156	7	annuity	annuity	NOUN
fsr-3267	156	8	equivalent	equivalent	ADJ
fsr-3267	156	9	to	to	ADP
fsr-3267	156	10	the	the	DET
fsr-3267	156	11	npv	npv	NOUN
fsr-3267	156	12	(	(	PUNCT
fsr-3267	156	13	e.g.	e.g.	ADV
fsr-3267	156	14	,	,	PUNCT
fsr-3267	156	15	see	see	VERB
fsr-3267	156	16	brealey	brealey	NOUN
fsr-3267	156	17	,	,	PUNCT
fsr-3267	156	18	myers	myer	NOUN
fsr-3267	156	19	,	,	PUNCT
fsr-3267	156	20	and	and	CCONJ
fsr-3267	156	21	allen	allen	PROPN
fsr-3267	156	22	,	,	PUNCT
fsr-3267	156	23	2008	2008	NUM
fsr-3267	156	24	,	,	PUNCT
fsr-3267	156	25	pp	pp	ADJ
fsr-3267	156	26	.	.	PUNCT
fsr-3267	156	27	155–160	155–160	NUM
fsr-3267	156	28	)	)	PUNCT
fsr-3267	156	29	or	or	CCONJ
fsr-3267	156	30	even	even	ADV
fsr-3267	156	31	using	use	VERB
fsr-3267	156	32	irr	irr	NOUN
fsr-3267	156	33	is	be	AUX
fsr-3267	156	34	a	a	DET
fsr-3267	156	35	better	well	ADJ
fsr-3267	156	36	tool	tool	NOUN
fsr-3267	156	37	for	for	ADP
fsr-3267	156	38	ranking	rank	VERB
fsr-3267	156	39	.	.	PUNCT
fsr-3267	157	1	the	the	DET
fsr-3267	157	2	borrower	borrower	NOUN
fsr-3267	157	3	in	in	ADP
fsr-3267	157	4	fact	fact	NOUN
fsr-3267	157	5	saves	save	VERB
fsr-3267	157	6	more	more	ADJ
fsr-3267	157	7	money	money	NOUN
fsr-3267	157	8	(	(	PUNCT
fsr-3267	157	9	npv	npv	NOUN
fsr-3267	157	10	)	)	PUNCT
fsr-3267	157	11	the	the	PRON
fsr-3267	157	12	longer	long	ADV
fsr-3267	157	13	he	he	PRON
fsr-3267	157	14	owns	own	VERB
fsr-3267	157	15	the	the	DET
fsr-3267	157	16	house	house	NOUN
fsr-3267	157	17	,	,	PUNCT
fsr-3267	157	18	but	but	CCONJ
fsr-3267	157	19	his	his	PRON
fsr-3267	157	20	marginal	marginal	ADJ
fsr-3267	157	21	npv	npv	NOUN
fsr-3267	157	22	,	,	PUNCT
fsr-3267	157	23	equivalent	equivalent	ADJ
fsr-3267	157	24	annuity	annuity	NOUN
fsr-3267	157	25	,	,	PUNCT
fsr-3267	157	26	and	and	CCONJ
fsr-3267	157	27	irr	irr	NOUN
fsr-3267	157	28	decline	decline	NOUN
fsr-3267	157	29	when	when	SCONJ
fsr-3267	157	30	the	the	DET
fsr-3267	157	31	house	house	NOUN
fsr-3267	157	32	is	be	AUX
fsr-3267	157	33	sold	sell	VERB
fsr-3267	157	34	at	at	ADP
fsr-3267	157	35	a	a	DET
fsr-3267	157	36	later	later	ADJ
fsr-3267	157	37	date	date	NOUN
fsr-3267	157	38	.	.	PUNCT
fsr-3267	158	1	this	this	PRON
fsr-3267	158	2	can	can	AUX
fsr-3267	158	3	be	be	AUX
fsr-3267	158	4	seen	see	VERB
fsr-3267	158	5	in	in	ADP
fsr-3267	158	6	table	table	NOUN
fsr-3267	158	7	2	2	NUM
fsr-3267	158	8	and	and	CCONJ
fsr-3267	158	9	fig	fig	NOUN
fsr-3267	158	10	.	.	PUNCT
fsr-3267	159	1	3	3	NUM
fsr-3267	159	2	,	,	PUNCT
fsr-3267	159	3	which	which	PRON
fsr-3267	159	4	feature	feature	VERB
fsr-3267	159	5	several	several	ADJ
fsr-3267	159	6	measures	measure	NOUN
fsr-3267	159	7	of	of	ADP
fsr-3267	159	8	the	the	DET
fsr-3267	159	9	benefits	benefit	NOUN
fsr-3267	159	10	for	for	ADP
fsr-3267	159	11	various	various	ADJ
fsr-3267	159	12	years	year	NOUN
fsr-3267	159	13	in	in	ADP
fsr-3267	159	14	which	which	PRON
fsr-3267	159	15	the	the	DET
fsr-3267	159	16	house	house	NOUN
fsr-3267	159	17	is	be	AUX
fsr-3267	159	18	sold	sell	VERB
fsr-3267	159	19	or	or	CCONJ
fsr-3267	159	20	the	the	DET
fsr-3267	159	21	mortgage	mortgage	NOUN
fsr-3267	159	22	otherwise	otherwise	ADV
fsr-3267	159	23	prepaid	prepay	VERB
fsr-3267	159	24	.	.	PUNCT
fsr-3267	160	1	the	the	DET
fsr-3267	160	2	last	last	ADJ
fsr-3267	160	3	entry	entry	NOUN
fsr-3267	160	4	in	in	ADP
fsr-3267	160	5	table	table	NOUN
fsr-3267	160	6	2	2	NUM
fsr-3267	160	7	,	,	PUNCT
fsr-3267	160	8	which	which	PRON
fsr-3267	160	9	a	a	DET
fsr-3267	160	10	15	15	NUM
fsr-3267	160	11	-	-	PUNCT
fsr-3267	160	12	year	year	NOUN
fsr-3267	160	13	mortgagor	mortgagor	NOUN
fsr-3267	160	14	who	who	PRON
fsr-3267	160	15	sells	sell	VERB
fsr-3267	160	16	the	the	DET
fsr-3267	160	17	house	house	NOUN
fsr-3267	160	18	in	in	ADP
fsr-3267	160	19	one	one	NUM
fsr-3267	160	20	year	year	NOUN
fsr-3267	160	21	earns	earn	VERB
fsr-3267	160	22	a	a	DET
fsr-3267	160	23	return	return	NOUN
fsr-3267	160	24	of	of	ADP
fsr-3267	160	25	56.39	56.39	NUM
fsr-3267	160	26	%	%	NOUN
fsr-3267	160	27	on	on	ADP
fsr-3267	160	28	his	his	PRON
fsr-3267	160	29	marginal	marginal	ADJ
fsr-3267	160	30	investment	investment	NOUN
fsr-3267	160	31	,	,	PUNCT
fsr-3267	160	32	is	be	AUX
fsr-3267	160	33	so	so	ADV
fsr-3267	160	34	large	large	ADJ
fsr-3267	160	35	that	that	SCONJ
fsr-3267	160	36	it	it	PRON
fsr-3267	160	37	seems	seem	VERB
fsr-3267	160	38	a	a	DET
fsr-3267	160	39	likely	likely	ADJ
fsr-3267	160	40	error	error	NOUN
fsr-3267	160	41	.	.	PUNCT
fsr-3267	161	1	it	it	PRON
fsr-3267	161	2	is	be	AUX
fsr-3267	161	3	not	not	PART
fsr-3267	161	4	.	.	PUNCT
fsr-3267	162	1	as	as	ADP
fsr-3267	162	2	before	before	ADV
fsr-3267	162	3	,	,	PUNCT
fsr-3267	162	4	the	the	DET
fsr-3267	162	5	15	15	NUM
fsr-3267	162	6	-	-	PUNCT
fsr-3267	162	7	year	year	NOUN
fsr-3267	162	8	borrower	borrower	NOUN
fsr-3267	162	9	pays	pay	VERB
fsr-3267	162	10	an	an	DET
fsr-3267	162	11	extra	extra	ADJ
fsr-3267	162	12	$	$	SYM
fsr-3267	162	13	3636.11	3636.11	NUM
fsr-3267	162	14	–	–	PUNCT
fsr-3267	162	15	$	$	SYM
fsr-3267	162	16	2533.43	2533.43	NUM
fsr-3267	162	17	�	�	NOUN
fsr-3267	162	18	$	$	SYM
fsr-3267	162	19	1102.69	1102.69	NUM
fsr-3267	162	20	per	per	ADP
fsr-3267	162	21	month	month	NOUN
fsr-3267	162	22	more	more	ADJ
fsr-3267	162	23	than	than	ADP
fsr-3267	162	24	the	the	DET
fsr-3267	162	25	30	30	NUM
fsr-3267	162	26	-	-	PUNCT
fsr-3267	162	27	year	year	NOUN
fsr-3267	162	28	borrower	borrower	NOUN
fsr-3267	162	29	.	.	PUNCT
fsr-3267	163	1	in	in	ADP
fsr-3267	163	2	exchange	exchange	NOUN
fsr-3267	163	3	,	,	PUNCT
fsr-3267	163	4	in	in	ADP
fsr-3267	163	5	12	12	NUM
fsr-3267	163	6	months	month	NOUN
fsr-3267	163	7	the	the	DET
fsr-3267	163	8	15	15	NUM
fsr-3267	163	9	-	-	PUNCT
fsr-3267	163	10	year	year	NOUN
fsr-3267	163	11	borrower	borrower	NOUN
fsr-3267	163	12	owes	owe	VERB
fsr-3267	163	13	$	$	SYM
fsr-3267	163	14	474,684.48	474,684.48	NUM
fsr-3267	163	15	,	,	PUNCT
fsr-3267	163	16	or	or	CCONJ
fsr-3267	163	17	$	$	SYM
fsr-3267	163	18	17,249.38	17,249.38	NUM
fsr-3267	163	19	less	less	ADJ
fsr-3267	163	20	than	than	ADP
fsr-3267	163	21	the	the	DET
fsr-3267	163	22	30	30	NUM
fsr-3267	163	23	-	-	PUNCT
fsr-3267	163	24	year	year	NOUN
fsr-3267	163	25	borrower	borrower	NOUN
fsr-3267	163	26	’s	’s	PART
fsr-3267	163	27	$	$	SYM
fsr-3267	163	28	491,933.87	491,933.87	NUM
fsr-3267	163	29	.	.	PUNCT
fsr-3267	164	1	the	the	DET
fsr-3267	164	2	monthly	monthly	ADJ
fsr-3267	164	3	discount	discount	NOUN
fsr-3267	164	4	rate	rate	NOUN
fsr-3267	164	5	that	that	PRON
fsr-3267	164	6	represents	represent	VERB
fsr-3267	164	7	the	the	DET
fsr-3267	164	8	return	return	NOUN
fsr-3267	164	9	on	on	ADP
fsr-3267	164	10	the	the	DET
fsr-3267	164	11	marginal	marginal	ADJ
fsr-3267	164	12	$	$	SYM
fsr-3267	164	13	1102.69	1102.69	NUM
fsr-3267	164	14	investment	investment	NOUN
fsr-3267	164	15	is	be	AUX
fsr-3267	164	16	the	the	DET
fsr-3267	164	17	value	value	NOUN
fsr-3267	164	18	of	of	ADP
fsr-3267	164	19	r	r	NOUN
fsr-3267	164	20	that	that	PRON
fsr-3267	164	21	solves	solve	VERB
fsr-3267	164	22	1102.69(fvifa12	1102.69(fvifa12	NUM
fsr-3267	164	23	,	,	PUNCT
fsr-3267	164	24	r%	r%	PROPN
fsr-3267	164	25	)	)	PUNCT
fsr-3267	164	26	�	�	PROPN
fsr-3267	164	27	$	$	SYM
fsr-3267	164	28	17,249.38	17,249.38	NUM
fsr-3267	164	29	.	.	PUNCT
fsr-3267	165	1	this	this	DET
fsr-3267	165	2	value	value	NOUN
fsr-3267	165	3	of	of	ADP
fsr-3267	165	4	r	r	NOUN
fsr-3267	165	5	is	be	AUX
fsr-3267	165	6	4.70	4.70	NUM
fsr-3267	165	7	%	%	NOUN
fsr-3267	165	8	per	per	ADP
fsr-3267	165	9	month	month	NOUN
fsr-3267	165	10	,	,	PUNCT
fsr-3267	165	11	for	for	ADP
fsr-3267	165	12	an	an	DET
fsr-3267	165	13	apr	apr	NOUN
fsr-3267	165	14	of	of	ADP
fsr-3267	165	15	56.39	56.39	NUM
fsr-3267	165	16	%	%	NOUN
fsr-3267	165	17	per	per	ADP
fsr-3267	165	18	year	year	NOUN
fsr-3267	165	19	(	(	PUNCT
fsr-3267	165	20	because	because	SCONJ
fsr-3267	165	21	here	here	ADV
fsr-3267	165	22	we	we	PRON
fsr-3267	165	23	have	have	VERB
fsr-3267	165	24	monthly	monthly	ADJ
fsr-3267	165	25	compounding	compounding	NOUN
fsr-3267	165	26	,	,	PUNCT
fsr-3267	165	27	ear	ear	AUX
fsr-3267	165	28	�	�	PROPN
fsr-3267	165	29	effective	effective	ADJ
fsr-3267	165	30	94	94	NUM
fsr-3267	165	31	j.	j.	PROPN
fsr-3267	165	32	musumeci	musumeci	PROPN
fsr-3267	165	33	/	/	SYM
fsr-3267	165	34	financial	financial	ADJ
fsr-3267	165	35	services	service	NOUN
fsr-3267	165	36	review	review	VERB
fsr-3267	165	37	25	25	NUM
fsr-3267	165	38	(	(	PUNCT
fsr-3267	165	39	2016	2016	NUM
fsr-3267	165	40	)	)	PUNCT
fsr-3267	165	41	87–104	87–104	PROPN
fsr-3267	165	42	annual	annual	ADJ
fsr-3267	165	43	return	return	NOUN
fsr-3267	165	44	is	be	AUX
fsr-3267	165	45	calculated	calculate	VERB
fsr-3267	165	46	as	as	ADP
fsr-3267	165	47	(	(	PUNCT
fsr-3267	165	48	1	1	NUM
fsr-3267	165	49	�	�	NOUN
fsr-3267	165	50	periodic	periodic	ADJ
fsr-3267	165	51	monthly	monthly	ADJ
fsr-3267	165	52	return)12	return)12	PROPN
fsr-3267	165	53	–	–	PUNCT
fsr-3267	165	54	1	1	NUM
fsr-3267	165	55	�	�	PROPN
fsr-3267	165	56	73.52	73.52	NUM
fsr-3267	165	57	%	%	NOUN
fsr-3267	165	58	)	)	PUNCT
fsr-3267	165	59	.	.	PUNCT
fsr-3267	166	1	of	of	ADP
fsr-3267	166	2	course	course	NOUN
fsr-3267	166	3	,	,	PUNCT
fsr-3267	166	4	because	because	SCONJ
fsr-3267	166	5	of	of	ADP
fsr-3267	166	6	transactions	transaction	NOUN
fsr-3267	166	7	costs	cost	NOUN
fsr-3267	166	8	,	,	PUNCT
fsr-3267	166	9	few	few	ADJ
fsr-3267	166	10	homeowners	homeowner	NOUN
fsr-3267	166	11	would	would	AUX
fsr-3267	166	12	purchase	purchase	VERB
fsr-3267	166	13	if	if	SCONJ
fsr-3267	166	14	they	they	PRON
fsr-3267	166	15	knew	know	VERB
fsr-3267	166	16	they	they	PRON
fsr-3267	166	17	were	be	AUX
fsr-3267	166	18	going	go	VERB
fsr-3267	166	19	to	to	PART
fsr-3267	166	20	sell	sell	VERB
fsr-3267	166	21	in	in	ADP
fsr-3267	166	22	a	a	DET
fsr-3267	166	23	year	year	NOUN
fsr-3267	166	24	.	.	PUNCT
fsr-3267	167	1	nevertheless	nevertheless	ADV
fsr-3267	167	2	,	,	PUNCT
fsr-3267	167	3	if	if	SCONJ
fsr-3267	167	4	they	they	PRON
fsr-3267	167	5	did	do	AUX
fsr-3267	167	6	sell	sell	VERB
fsr-3267	167	7	then	then	ADV
fsr-3267	167	8	,	,	PUNCT
fsr-3267	167	9	the	the	DET
fsr-3267	167	10	transactions	transaction	NOUN
fsr-3267	167	11	costs	cost	NOUN
fsr-3267	167	12	are	be	AUX
fsr-3267	167	13	presumably	presumably	ADV
fsr-3267	167	14	identical	identical	ADJ
fsr-3267	167	15	for	for	ADP
fsr-3267	167	16	the	the	DET
fsr-3267	167	17	15	15	NUM
fsr-3267	167	18	-	-	PUNCT
fsr-3267	167	19	year	year	NOUN
fsr-3267	167	20	and	and	CCONJ
fsr-3267	167	21	30	30	NUM
fsr-3267	167	22	-	-	PUNCT
fsr-3267	167	23	year	year	NOUN
fsr-3267	167	24	borrowers	borrower	NOUN
fsr-3267	167	25	,	,	PUNCT
fsr-3267	167	26	and	and	CCONJ
fsr-3267	167	27	so	so	ADV
fsr-3267	167	28	the	the	DET
fsr-3267	167	29	marginal	marginal	ADJ
fsr-3267	167	30	effect	effect	NOUN
fsr-3267	167	31	of	of	ADP
fsr-3267	167	32	transactions	transaction	NOUN
fsr-3267	167	33	costs	cost	NOUN
fsr-3267	167	34	(	(	PUNCT
fsr-3267	167	35	i.e.	i.e.	X
fsr-3267	167	36	,	,	PUNCT
fsr-3267	167	37	any	any	DET
fsr-3267	167	38	additional	additional	ADJ
fsr-3267	167	39	cash	cash	NOUN
fsr-3267	167	40	flows	flow	VERB
fsr-3267	167	41	the	the	DET
fsr-3267	167	42	15	15	NUM
fsr-3267	167	43	-	-	PUNCT
fsr-3267	167	44	year	year	NOUN
fsr-3267	167	45	borrow	borrow	NOUN
fsr-3267	167	46	pays	pay	VERB
fsr-3267	167	47	[	[	X
fsr-3267	167	48	or	or	CCONJ
fsr-3267	167	49	receives	receive	VERB
fsr-3267	167	50	]	]	PUNCT
fsr-3267	167	51	as	as	SCONJ
fsr-3267	167	52	compared	compare	VERB
fsr-3267	167	53	with	with	ADP
fsr-3267	167	54	those	those	PRON
fsr-3267	167	55	of	of	ADP
fsr-3267	167	56	the	the	DET
fsr-3267	167	57	30	30	NUM
fsr-3267	167	58	-	-	PUNCT
fsr-3267	167	59	year	year	NOUN
fsr-3267	167	60	borrower	borrower	NOUN
fsr-3267	167	61	)	)	PUNCT
fsr-3267	167	62	is	be	AUX
fsr-3267	167	63	zero	zero	NUM
fsr-3267	167	64	,	,	PUNCT
fsr-3267	167	65	and	and	CCONJ
fsr-3267	167	66	the	the	DET
fsr-3267	167	67	15	15	NUM
fsr-3267	167	68	-	-	PUNCT
fsr-3267	167	69	year	year	NOUN
fsr-3267	167	70	mortgage	mortgage	NOUN
fsr-3267	167	71	still	still	ADV
fsr-3267	167	72	offers	offer	VERB
fsr-3267	167	73	a	a	DET
fsr-3267	167	74	56.39	56.39	NUM
fsr-3267	167	75	%	%	NOUN
fsr-3267	167	76	return	return	NOUN
fsr-3267	167	77	on	on	ADP
fsr-3267	167	78	marginal	marginal	ADJ
fsr-3267	167	79	cash	cash	NOUN
fsr-3267	167	80	flows	flow	NOUN
fsr-3267	167	81	relative	relative	ADJ
fsr-3267	167	82	to	to	ADP
fsr-3267	167	83	the	the	DET
fsr-3267	167	84	30	30	NUM
fsr-3267	167	85	-	-	PUNCT
fsr-3267	167	86	year	year	NOUN
fsr-3267	167	87	.	.	PUNCT
fsr-3267	168	1	moreover	moreover	ADV
fsr-3267	168	2	,	,	PUNCT
fsr-3267	168	3	while	while	SCONJ
fsr-3267	168	4	the	the	DET
fsr-3267	168	5	average	average	ADJ
fsr-3267	168	6	life	life	NOUN
fsr-3267	168	7	of	of	ADP
fsr-3267	168	8	a	a	DET
fsr-3267	168	9	table	table	NOUN
fsr-3267	168	10	2	2	NUM
fsr-3267	168	11	pre	pre	ADJ
fsr-3267	168	12	-	-	ADJ
fsr-3267	168	13	tax	tax	ADJ
fsr-3267	168	14	benefits	benefit	NOUN
fsr-3267	168	15	from	from	ADP
fsr-3267	168	16	the	the	DET
fsr-3267	168	17	marginal	marginal	ADJ
fsr-3267	168	18	investment	investment	NOUN
fsr-3267	168	19	of	of	ADP
fsr-3267	168	20	a	a	DET
fsr-3267	168	21	15	15	NUM
fsr-3267	168	22	-	-	PUNCT
fsr-3267	168	23	year	year	NOUN
fsr-3267	168	24	mortgage	mortgage	NOUN
fsr-3267	168	25	’s	’s	PART
fsr-3267	168	26	larger	large	ADJ
fsr-3267	168	27	payments	payment	NOUN
fsr-3267	168	28	house	house	NOUN
fsr-3267	168	29	sold	sell	VERB
fsr-3267	168	30	at	at	ADP
fsr-3267	168	31	month	month	NOUN
fsr-3267	168	32	npv	npv	NOUN
fsr-3267	168	33	at	at	ADP
fsr-3267	168	34	15	15	NUM
fsr-3267	168	35	-	-	PUNCT
fsr-3267	168	36	year	year	NOUN
fsr-3267	168	37	pre	pre	ADJ
fsr-3267	168	38	-	-	ADJ
fsr-3267	168	39	tax	tax	ADJ
fsr-3267	168	40	rate	rate	NOUN
fsr-3267	168	41	annual	annual	ADJ
fsr-3267	168	42	change	change	NOUN
fsr-3267	168	43	in	in	ADP
fsr-3267	168	44	npv	npv	NOUN
fsr-3267	168	45	equivalent	equivalent	ADJ
fsr-3267	168	46	monthly	monthly	ADJ
fsr-3267	168	47	annuity	annuity	NOUN
fsr-3267	168	48	irr	irr	NOUN
fsr-3267	168	49	(	(	PUNCT
fsr-3267	168	50	apr	apr	PROPN
fsr-3267	168	51	)	)	PUNCT
fsr-3267	168	52	irr	irr	NOUN
fsr-3267	168	53	(	(	PUNCT
fsr-3267	168	54	ear	ear	NOUN
fsr-3267	168	55	)	)	PUNCT
fsr-3267	168	56	360	360	NUM
fsr-3267	168	57	$	$	SYM
fsr-3267	168	58	47,039.79	47,039.79	NUM
fsr-3267	168	59	$	$	SYM
fsr-3267	168	60	40.39	40.39	NUM
fsr-3267	168	61	$	$	SYM
fsr-3267	168	62	217.85	217.85	NUM
fsr-3267	168	63	5.56	5.56	NUM
fsr-3267	168	64	%	%	NOUN
fsr-3267	168	65	5.70	5.70	NUM
fsr-3267	168	66	%	%	NOUN
fsr-3267	168	67	348	348	NUM
fsr-3267	168	68	$	$	SYM
fsr-3267	168	69	46,999.40	46,999.40	NUM
fsr-3267	168	70	$	$	SYM
fsr-3267	168	71	116.53	116.53	NUM
fsr-3267	168	72	$	$	SYM
fsr-3267	168	73	221.74	221.74	NUM
fsr-3267	168	74	5.56	5.56	NUM
fsr-3267	168	75	%	%	NOUN
fsr-3267	168	76	5.70	5.70	NUM
fsr-3267	168	77	%	%	NOUN
fsr-3267	168	78	336	336	NUM
fsr-3267	168	79	$	$	SYM
fsr-3267	168	80	46,882.87	46,882.87	NUM
fsr-3267	168	81	$	$	SYM
fsr-3267	168	82	195.02	195.02	NUM
fsr-3267	168	83	$	$	SYM
fsr-3267	168	84	225.58	225.58	NUM
fsr-3267	168	85	5.56	5.56	NUM
fsr-3267	168	86	%	%	NOUN
fsr-3267	168	87	5.71	5.71	NUM
fsr-3267	168	88	%	%	NOUN
fsr-3267	168	89	324	324	NUM
fsr-3267	168	90	$	$	SYM
fsr-3267	168	91	46,687.85	46,687.85	NUM
fsr-3267	168	92	$	$	SYM
fsr-3267	168	93	275.96	275.96	NUM
fsr-3267	168	94	$	$	SYM
fsr-3267	168	95	229.36	229.36	NUM
fsr-3267	168	96	5.57	5.57	NUM
fsr-3267	168	97	%	%	NOUN
fsr-3267	168	98	5.72	5.72	NUM
fsr-3267	168	99	%	%	NOUN
fsr-3267	169	1	312	312	NUM
fsr-3267	169	2	$	$	SYM
fsr-3267	169	3	46,411.89	46,411.89	NUM
fsr-3267	169	4	$	$	SYM
fsr-3267	169	5	359.43	359.43	NUM
fsr-3267	169	6	$	$	SYM
fsr-3267	169	7	233.09	233.09	NUM
fsr-3267	169	8	5.59	5.59	NUM
fsr-3267	169	9	%	%	NOUN
fsr-3267	169	10	5.73	5.73	NUM
fsr-3267	169	11	%	%	NOUN
fsr-3267	169	12	300	300	NUM
fsr-3267	169	13	$	$	SYM
fsr-3267	169	14	46,052.46	46,052.46	NUM
fsr-3267	169	15	$	$	SYM
fsr-3267	169	16	445.55	445.55	NUM
fsr-3267	169	17	$	$	SYM
fsr-3267	169	18	236.77	236.77	NUM
fsr-3267	169	19	5.60	5.60	NUM
fsr-3267	169	20	%	%	NOUN
fsr-3267	169	21	5.75	5.75	NUM
fsr-3267	169	22	%	%	NOUN
fsr-3267	169	23	288	288	NUM
fsr-3267	169	24	$	$	SYM
fsr-3267	169	25	45,606.91	45,606.91	NOUN
fsr-3267	169	26	$	$	SYM
fsr-3267	169	27	534.41	534.41	NUM
fsr-3267	169	28	$	$	SYM
fsr-3267	169	29	240.40	240.40	NUM
fsr-3267	169	30	5.62	5.62	NUM
fsr-3267	169	31	%	%	NOUN
fsr-3267	169	32	5.77	5.77	NUM
fsr-3267	169	33	%	%	NOUN
fsr-3267	169	34	276	276	NUM
fsr-3267	169	35	$	$	SYM
fsr-3267	169	36	45,072.50	45,072.50	PROPN
fsr-3267	169	37	$	$	SYM
fsr-3267	169	38	626.13	626.13	NUM
fsr-3267	169	39	$	$	SYM
fsr-3267	169	40	243.97	243.97	NUM
fsr-3267	169	41	5.65	5.65	NUM
fsr-3267	169	42	%	%	NOUN
fsr-3267	169	43	5.80	5.80	NUM
fsr-3267	169	44	%	%	NOUN
fsr-3267	169	45	264	264	NUM
fsr-3267	169	46	$	$	SYM
fsr-3267	169	47	44,446.37	44,446.37	NUM
fsr-3267	169	48	$	$	SYM
fsr-3267	169	49	720.82	720.82	NUM
fsr-3267	169	50	$	$	SYM
fsr-3267	169	51	247.50	247.50	NUM
fsr-3267	169	52	5.69	5.69	NUM
fsr-3267	169	53	%	%	NOUN
fsr-3267	169	54	5.84	5.84	NUM
fsr-3267	169	55	%	%	NOUN
fsr-3267	169	56	252	252	NUM
fsr-3267	169	57	$	$	SYM
fsr-3267	169	58	43,725.55	43,725.55	NUM
fsr-3267	169	59	$	$	SYM
fsr-3267	169	60	818.59	818.59	NUM
fsr-3267	169	61	$	$	SYM
fsr-3267	169	62	250.97	250.97	NUM
fsr-3267	169	63	5.73	5.73	NUM
fsr-3267	169	64	%	%	NOUN
fsr-3267	169	65	5.88	5.88	NUM
fsr-3267	169	66	%	%	NOUN
fsr-3267	169	67	240	240	NUM
fsr-3267	169	68	$	$	SYM
fsr-3267	169	69	42,906.96	42,906.96	NUM
fsr-3267	169	70	$	$	SYM
fsr-3267	169	71	919.57	919.57	NUM
fsr-3267	169	72	$	$	SYM
fsr-3267	169	73	254.39	254.39	NUM
fsr-3267	169	74	5.79	5.79	NUM
fsr-3267	169	75	%	%	NOUN
fsr-3267	169	76	5.94	5.94	NUM
fsr-3267	169	77	%	%	NOUN
fsr-3267	169	78	228	228	NUM
fsr-3267	169	79	$	$	SYM
fsr-3267	169	80	41,987.39	41,987.39	NUM
fsr-3267	169	81	$	$	SYM
fsr-3267	169	82	1,023.88	1,023.88	NUM
fsr-3267	169	83	$	$	SYM
fsr-3267	169	84	257.76	257.76	NUM
fsr-3267	169	85	5.85	5.85	NUM
fsr-3267	169	86	%	%	NOUN
fsr-3267	169	87	6.01	6.01	NUM
fsr-3267	169	88	%	%	NOUN
fsr-3267	169	89	216	216	NUM
fsr-3267	169	90	$	$	SYM
fsr-3267	169	91	40,963.50	40,963.50	NUM
fsr-3267	169	92	$	$	SYM
fsr-3267	169	93	1,131.66	1,131.66	NUM
fsr-3267	169	94	$	$	SYM
fsr-3267	169	95	261.08	261.08	NUM
fsr-3267	169	96	5.94	5.94	NUM
fsr-3267	169	97	%	%	NOUN
fsr-3267	169	98	6.10	6.10	NUM
fsr-3267	169	99	%	%	NOUN
fsr-3267	169	100	204	204	NUM
fsr-3267	169	101	$	$	SYM
fsr-3267	169	102	39,831.85	39,831.85	NOUN
fsr-3267	169	103	$	$	SYM
fsr-3267	169	104	1,243.03	1,243.03	NUM
fsr-3267	169	105	$	$	SYM
fsr-3267	169	106	264.35	264.35	NUM
fsr-3267	169	107	6.05	6.05	NUM
fsr-3267	169	108	%	%	NOUN
fsr-3267	169	109	6.22	6.22	NUM
fsr-3267	169	110	%	%	NOUN
fsr-3267	169	111	192	192	NUM
fsr-3267	169	112	$	$	SYM
fsr-3267	169	113	38,588.81	38,588.81	NUM
fsr-3267	169	114	$	$	SYM
fsr-3267	169	115	1,358.15	1,358.15	NUM
fsr-3267	169	116	$	$	SYM
fsr-3267	169	117	267.58	267.58	NUM
fsr-3267	169	118	6.19	6.19	NUM
fsr-3267	169	119	%	%	NOUN
fsr-3267	169	120	6.37	6.37	NUM
fsr-3267	169	121	%	%	NOUN
fsr-3267	169	122	180	180	NUM
fsr-3267	169	123	$	$	SYM
fsr-3267	169	124	37,230.66	37,230.66	NUM
fsr-3267	169	125	$	$	SYM
fsr-3267	169	126	1,477.16	1,477.16	NUM
fsr-3267	169	127	$	$	SYM
fsr-3267	169	128	270.75	270.75	NUM
fsr-3267	169	129	6.38	6.38	NUM
fsr-3267	169	130	%	%	NOUN
fsr-3267	169	131	6.57	6.57	NUM
fsr-3267	169	132	%	%	NOUN
fsr-3267	169	133	168	168	NUM
fsr-3267	169	134	$	$	SYM
fsr-3267	169	135	35,753.50	35,753.50	NUM
fsr-3267	169	136	$	$	SYM
fsr-3267	169	137	1,600.20	1,600.20	NUM
fsr-3267	169	138	$	$	SYM
fsr-3267	169	139	273.87	273.87	NUM
fsr-3267	169	140	6.61	6.61	NUM
fsr-3267	169	141	%	%	NOUN
fsr-3267	169	142	6.81	6.81	NUM
fsr-3267	169	143	%	%	NOUN
fsr-3267	169	144	156	156	NUM
fsr-3267	169	145	$	$	SYM
fsr-3267	169	146	34,153.30	34,153.30	NUM
fsr-3267	169	147	$	$	SYM
fsr-3267	169	148	1,727.45	1,727.45	NUM
fsr-3267	169	149	$	$	SYM
fsr-3267	169	150	276.95	276.95	NUM
fsr-3267	169	151	6.88	6.88	NUM
fsr-3267	169	152	%	%	NOUN
fsr-3267	169	153	7.10	7.10	NUM
fsr-3267	169	154	%	%	NOUN
fsr-3267	169	155	144	144	NUM
fsr-3267	169	156	$	$	SYM
fsr-3267	169	157	32,425.86	32,425.86	NUM
fsr-3267	169	158	$	$	SYM
fsr-3267	169	159	1,859.05	1,859.05	NUM
fsr-3267	169	160	$	$	SYM
fsr-3267	169	161	279.98	279.98	NUM
fsr-3267	169	162	7.19	7.19	NUM
fsr-3267	169	163	%	%	NOUN
fsr-3267	169	164	7.43	7.43	NUM
fsr-3267	169	165	%	%	NOUN
fsr-3267	169	166	132	132	NUM
fsr-3267	169	167	$	$	SYM
fsr-3267	169	168	30,566.81	30,566.81	NUM
fsr-3267	169	169	$	$	SYM
fsr-3267	169	170	1,995.19	1,995.19	NUM
fsr-3267	169	171	$	$	SYM
fsr-3267	169	172	282.96	282.96	NUM
fsr-3267	169	173	7.56	7.56	NUM
fsr-3267	169	174	%	%	NOUN
fsr-3267	169	175	7.83	7.83	NUM
fsr-3267	169	176	%	%	NOUN
fsr-3267	169	177	120	120	NUM
fsr-3267	169	178	$	$	SYM
fsr-3267	169	179	28,571.62	28,571.62	NUM
fsr-3267	169	180	$	$	SYM
fsr-3267	169	181	2,136.03	2,136.03	NUM
fsr-3267	169	182	$	$	SYM
fsr-3267	169	183	285.89	285.89	NUM
fsr-3267	169	184	8.01	8.01	NUM
fsr-3267	169	185	%	%	NOUN
fsr-3267	169	186	8.31	8.31	NUM
fsr-3267	169	187	%	%	NOUN
fsr-3267	169	188	108	108	NUM
fsr-3267	169	189	$	$	SYM
fsr-3267	169	190	26,435.59	26,435.59	NUM
fsr-3267	169	191	$	$	SYM
fsr-3267	169	192	2,281.77	2,281.77	NUM
fsr-3267	169	193	$	$	SYM
fsr-3267	169	194	288.78	288.78	NUM
fsr-3267	169	195	8.55	8.55	NUM
fsr-3267	169	196	%	%	NOUN
fsr-3267	169	197	8.89	8.89	NUM
fsr-3267	169	198	%	%	NOUN
fsr-3267	169	199	96	96	NUM
fsr-3267	169	200	$	$	SYM
fsr-3267	169	201	24,153.82	24,153.82	NUM
fsr-3267	169	202	$	$	SYM
fsr-3267	169	203	2,432.58	2,432.58	NUM
fsr-3267	169	204	$	$	SYM
fsr-3267	169	205	291.62	291.62	NUM
fsr-3267	169	206	9.23	9.23	NUM
fsr-3267	169	207	%	%	NOUN
fsr-3267	169	208	9.64	9.64	NUM
fsr-3267	169	209	%	%	NOUN
fsr-3267	169	210	84	84	NUM
fsr-3267	169	211	$	$	SYM
fsr-3267	169	212	21,721.24	21,721.24	NUM
fsr-3267	169	213	$	$	SYM
fsr-3267	169	214	2,588.68	2,588.68	NUM
fsr-3267	169	215	$	$	SYM
fsr-3267	169	216	294.41	294.41	NUM
fsr-3267	169	217	10.12	10.12	NUM
fsr-3267	169	218	%	%	NOUN
fsr-3267	169	219	10.60	10.60	NUM
fsr-3267	169	220	%	%	NOUN
fsr-3267	169	221	72	72	NUM
fsr-3267	169	222	$	$	SYM
fsr-3267	169	223	19,132.56	19,132.56	NUM
fsr-3267	169	224	$	$	SYM
fsr-3267	169	225	2,750.26	2,750.26	NUM
fsr-3267	169	226	$	$	SYM
fsr-3267	169	227	297.16	297.16	NUM
fsr-3267	169	228	11.30	11.30	NUM
fsr-3267	169	229	%	%	NOUN
fsr-3267	169	230	11.90	11.90	NUM
fsr-3267	169	231	%	%	NOUN
fsr-3267	169	232	60	60	NUM
fsr-3267	169	233	$	$	SYM
fsr-3267	169	234	16,382.30	16,382.30	NUM
fsr-3267	169	235	$	$	SYM
fsr-3267	169	236	2,917.54	2,917.54	NUM
fsr-3267	169	237	$	$	SYM
fsr-3267	169	238	299.86	299.86	NUM
fsr-3267	169	239	12.96	12.96	NUM
fsr-3267	169	240	%	%	NOUN
fsr-3267	169	241	13.75	13.75	NUM
fsr-3267	169	242	%	%	NOUN
fsr-3267	169	243	48	48	NUM
fsr-3267	169	244	$	$	SYM
fsr-3267	169	245	13,464.76	13,464.76	NUM
fsr-3267	169	246	$	$	SYM
fsr-3267	169	247	3,090.73	3,090.73	NUM
fsr-3267	169	248	$	$	SYM
fsr-3267	169	249	302.52	302.52	NUM
fsr-3267	169	250	15.47	15.47	NUM
fsr-3267	169	251	%	%	NOUN
fsr-3267	169	252	16.61	16.61	NUM
fsr-3267	169	253	%	%	NOUN
fsr-3267	169	254	36	36	NUM
fsr-3267	169	255	$	$	SYM
fsr-3267	169	256	10,374.03	10,374.03	NUM
fsr-3267	169	257	$	$	SYM
fsr-3267	169	258	3,270.07	3,270.07	NUM
fsr-3267	169	259	$	$	SYM
fsr-3267	169	260	305.13	305.13	NUM
fsr-3267	169	261	19.71	19.71	NUM
fsr-3267	169	262	%	%	NOUN
fsr-3267	169	263	21.59	21.59	NUM
fsr-3267	169	264	%	%	NOUN
fsr-3267	169	265	24	24	NUM
fsr-3267	169	266	$	$	SYM
fsr-3267	169	267	7,103.96	7,103.96	NUM
fsr-3267	169	268	$	$	SYM
fsr-3267	169	269	3,455.80	3,455.80	NUM
fsr-3267	169	270	$	$	SYM
fsr-3267	169	271	307.70	307.70	NUM
fsr-3267	169	272	28.42	28.42	NUM
fsr-3267	169	273	%	%	NOUN
fsr-3267	169	274	32.42	32.42	NUM
fsr-3267	169	275	%	%	NOUN
fsr-3267	169	276	12	12	NUM
fsr-3267	169	277	$	$	SYM
fsr-3267	169	278	3,648.16	3,648.16	NUM
fsr-3267	169	279	$	$	SYM
fsr-3267	169	280	3,648.16	3,648.16	NUM
fsr-3267	169	281	$	$	SYM
fsr-3267	169	282	310.22	310.22	NUM
fsr-3267	169	283	56.39	56.39	NUM
fsr-3267	169	284	%	%	NOUN
fsr-3267	169	285	73.52	73.52	NUM
fsr-3267	169	286	%	%	NOUN
fsr-3267	169	287	note	note	NOUN
fsr-3267	169	288	.	.	PUNCT
fsr-3267	170	1	this	this	DET
fsr-3267	170	2	table	table	NOUN
fsr-3267	170	3	shows	show	VERB
fsr-3267	170	4	the	the	DET
fsr-3267	170	5	financial	financial	ADJ
fsr-3267	170	6	advantage	advantage	NOUN
fsr-3267	170	7	of	of	ADP
fsr-3267	170	8	the	the	DET
fsr-3267	170	9	cash	cash	NOUN
fsr-3267	170	10	flows	flow	NOUN
fsr-3267	170	11	of	of	ADP
fsr-3267	170	12	a	a	DET
fsr-3267	170	13	15	15	NUM
fsr-3267	170	14	-	-	PUNCT
fsr-3267	170	15	year	year	NOUN
fsr-3267	170	16	,	,	PUNCT
fsr-3267	170	17	$	$	SYM
fsr-3267	170	18	500,000	500,000	NUM
fsr-3267	170	19	mortgage	mortgage	NOUN
fsr-3267	170	20	at	at	ADP
fsr-3267	170	21	an	an	DET
fsr-3267	170	22	apr	apr	NOUN
fsr-3267	170	23	of	of	ADP
fsr-3267	170	24	3.75	3.75	NUM
fsr-3267	170	25	%	%	NOUN
fsr-3267	170	26	when	when	SCONJ
fsr-3267	170	27	compared	compare	VERB
fsr-3267	170	28	with	with	ADP
fsr-3267	170	29	those	those	PRON
fsr-3267	170	30	of	of	ADP
fsr-3267	170	31	a	a	DET
fsr-3267	170	32	30	30	NUM
fsr-3267	170	33	-	-	PUNCT
fsr-3267	170	34	year	year	NOUN
fsr-3267	170	35	mortgage	mortgage	NOUN
fsr-3267	170	36	with	with	ADP
fsr-3267	170	37	a	a	DET
fsr-3267	170	38	4.5	4.5	NUM
fsr-3267	170	39	%	%	NOUN
fsr-3267	170	40	apr	apr	NOUN
fsr-3267	170	41	.	.	PUNCT
fsr-3267	171	1	for	for	ADP
fsr-3267	171	2	example	example	NOUN
fsr-3267	171	3	,	,	PUNCT
fsr-3267	171	4	if	if	SCONJ
fsr-3267	171	5	the	the	DET
fsr-3267	171	6	15	15	NUM
fsr-3267	171	7	-	-	PUNCT
fsr-3267	171	8	year	year	NOUN
fsr-3267	171	9	mortgagor	mortgagor	NOUN
fsr-3267	171	10	lives	live	VERB
fsr-3267	171	11	in	in	ADP
fsr-3267	171	12	the	the	DET
fsr-3267	171	13	house	house	NOUN
fsr-3267	171	14	for	for	ADP
fsr-3267	171	15	30	30	NUM
fsr-3267	171	16	years	year	NOUN
fsr-3267	171	17	,	,	PUNCT
fsr-3267	171	18	then	then	ADV
fsr-3267	171	19	the	the	DET
fsr-3267	171	20	present	present	ADJ
fsr-3267	171	21	value	value	NOUN
fsr-3267	171	22	of	of	ADP
fsr-3267	171	23	his	his	PRON
fsr-3267	171	24	marginal	marginal	ADJ
fsr-3267	171	25	cash	cash	NOUN
fsr-3267	171	26	flows	flow	NOUN
fsr-3267	171	27	(	(	PUNCT
fsr-3267	171	28	discounted	discount	VERB
fsr-3267	171	29	at	at	ADP
fsr-3267	171	30	the	the	DET
fsr-3267	171	31	15	15	NUM
fsr-3267	171	32	-	-	PUNCT
fsr-3267	171	33	year	year	NOUN
fsr-3267	171	34	rate	rate	NOUN
fsr-3267	171	35	)	)	PUNCT
fsr-3267	171	36	is	be	AUX
fsr-3267	171	37	$	$	SYM
fsr-3267	171	38	47,039.79	47,039.79	NUM
fsr-3267	171	39	,	,	PUNCT
fsr-3267	171	40	and	and	CCONJ
fsr-3267	171	41	his	his	PRON
fsr-3267	171	42	rate	rate	NOUN
fsr-3267	171	43	of	of	ADP
fsr-3267	171	44	return	return	NOUN
fsr-3267	171	45	on	on	ADP
fsr-3267	171	46	his	his	PRON
fsr-3267	171	47	marginal	marginal	ADJ
fsr-3267	171	48	payments	payment	NOUN
fsr-3267	171	49	for	for	ADP
fsr-3267	171	50	the	the	DET
fsr-3267	171	51	first	first	ADJ
fsr-3267	171	52	180	180	NUM
fsr-3267	171	53	months	month	NOUN
fsr-3267	171	54	is	be	AUX
fsr-3267	171	55	5.56	5.56	NUM
fsr-3267	171	56	%	%	NOUN
fsr-3267	171	57	apr	apr	NOUN
fsr-3267	171	58	.	.	PUNCT
fsr-3267	172	1	if	if	SCONJ
fsr-3267	172	2	he	he	PRON
fsr-3267	172	3	lives	live	VERB
fsr-3267	172	4	in	in	ADP
fsr-3267	172	5	the	the	DET
fsr-3267	172	6	house	house	NOUN
fsr-3267	172	7	for	for	ADP
fsr-3267	172	8	only	only	ADV
fsr-3267	172	9	,	,	PUNCT
fsr-3267	172	10	say	say	INTJ
fsr-3267	172	11	,	,	PUNCT
fsr-3267	172	12	84	84	NUM
fsr-3267	172	13	months	month	NOUN
fsr-3267	172	14	,	,	PUNCT
fsr-3267	172	15	and	and	CCONJ
fsr-3267	172	16	then	then	ADV
fsr-3267	172	17	sells	sell	VERB
fsr-3267	172	18	,	,	PUNCT
fsr-3267	172	19	he	he	PRON
fsr-3267	172	20	has	have	VERB
fsr-3267	172	21	a	a	DET
fsr-3267	172	22	lower	low	ADJ
fsr-3267	172	23	but	but	CCONJ
fsr-3267	172	24	still	still	ADV
fsr-3267	172	25	significant	significant	ADJ
fsr-3267	172	26	$	$	SYM
fsr-3267	172	27	21,721.24	21,721.24	NUM
fsr-3267	172	28	npv	npv	NOUN
fsr-3267	172	29	,	,	PUNCT
fsr-3267	172	30	but	but	CCONJ
fsr-3267	172	31	a	a	DET
fsr-3267	172	32	higher	high	ADJ
fsr-3267	172	33	apr	apr	NOUN
fsr-3267	172	34	of	of	ADP
fsr-3267	172	35	10.12	10.12	NUM
fsr-3267	172	36	%	%	NOUN
fsr-3267	172	37	on	on	ADP
fsr-3267	172	38	his	his	PRON
fsr-3267	172	39	marginal	marginal	ADJ
fsr-3267	172	40	investment	investment	NOUN
fsr-3267	172	41	.	.	PUNCT
fsr-3267	173	1	npv	npv	NOUN
fsr-3267	173	2	increases	increase	NOUN
fsr-3267	173	3	as	as	SCONJ
fsr-3267	173	4	the	the	DET
fsr-3267	173	5	house	house	NOUN
fsr-3267	173	6	is	be	AUX
fsr-3267	173	7	kept	keep	VERB
fsr-3267	173	8	for	for	ADP
fsr-3267	173	9	a	a	DET
fsr-3267	173	10	longer	long	ADJ
fsr-3267	173	11	time	time	NOUN
fsr-3267	173	12	,	,	PUNCT
fsr-3267	173	13	but	but	CCONJ
fsr-3267	173	14	at	at	ADP
fsr-3267	173	15	a	a	DET
fsr-3267	173	16	decreasing	decrease	VERB
fsr-3267	173	17	rate	rate	NOUN
fsr-3267	173	18	(	(	PUNCT
fsr-3267	173	19	because	because	SCONJ
fsr-3267	173	20	the	the	DET
fsr-3267	173	21	principal	principal	NOUN
fsr-3267	173	22	is	be	AUX
fsr-3267	173	23	declining	decline	VERB
fsr-3267	173	24	)	)	PUNCT
fsr-3267	173	25	.	.	PUNCT
fsr-3267	174	1	for	for	ADP
fsr-3267	174	2	purposes	purpose	NOUN
fsr-3267	174	3	of	of	ADP
fsr-3267	174	4	comparison	comparison	NOUN
fsr-3267	174	5	,	,	PUNCT
fsr-3267	174	6	the	the	DET
fsr-3267	174	7	1926–2012	1926–2012	NUM
fsr-3267	174	8	geometric	geometric	ADJ
fsr-3267	174	9	mean	mean	NOUN
fsr-3267	174	10	return	return	NOUN
fsr-3267	174	11	on	on	ADP
fsr-3267	174	12	long	long	ADJ
fsr-3267	174	13	-	-	PUNCT
fsr-3267	174	14	term	term	NOUN
fsr-3267	174	15	government	government	NOUN
fsr-3267	174	16	bonds	bond	NOUN
fsr-3267	174	17	is	be	AUX
fsr-3267	174	18	5.7	5.7	NUM
fsr-3267	174	19	%	%	NOUN
fsr-3267	174	20	,	,	PUNCT
fsr-3267	174	21	with	with	ADP
fsr-3267	174	22	a	a	DET
fsr-3267	174	23	standard	standard	ADJ
fsr-3267	174	24	deviation	deviation	NOUN
fsr-3267	174	25	of	of	ADP
fsr-3267	174	26	9.7	9.7	NUM
fsr-3267	174	27	%	%	NOUN
fsr-3267	174	28	.	.	PUNCT
fsr-3267	175	1	irr	irr	PROPN
fsr-3267	175	2	�	�	PROPN
fsr-3267	175	3	internal	internal	ADJ
fsr-3267	175	4	rate	rate	NOUN
fsr-3267	175	5	of	of	ADP
fsr-3267	175	6	return	return	NOUN
fsr-3267	175	7	;	;	PUNCT
fsr-3267	175	8	npv	npv	PROPN
fsr-3267	175	9	�	�	PROPN
fsr-3267	175	10	net	net	ADJ
fsr-3267	175	11	present	present	ADJ
fsr-3267	175	12	value	value	NOUN
fsr-3267	175	13	;	;	PUNCT
fsr-3267	175	14	apr	apr	PROPN
fsr-3267	175	15	�	�	PROPN
fsr-3267	175	16	annual	annual	ADJ
fsr-3267	175	17	percentage	percentage	NOUN
fsr-3267	175	18	rate	rate	NOUN
fsr-3267	175	19	;	;	PUNCT
fsr-3267	175	20	ear	ear	PART
fsr-3267	175	21	�	�	PROPN
fsr-3267	175	22	effective	effective	ADJ
fsr-3267	175	23	annual	annual	ADJ
fsr-3267	175	24	return	return	NOUN
fsr-3267	175	25	.	.	PUNCT
fsr-3267	176	1	95j	95j	NUM
fsr-3267	176	2	.	.	PUNCT
fsr-3267	177	1	musumeci	musumeci	PROPN
fsr-3267	177	2	/	/	SYM
fsr-3267	177	3	financial	financial	ADJ
fsr-3267	177	4	services	service	NOUN
fsr-3267	177	5	review	review	VERB
fsr-3267	177	6	25	25	NUM
fsr-3267	177	7	(	(	PUNCT
fsr-3267	177	8	2016	2016	NUM
fsr-3267	177	9	)	)	PUNCT
fsr-3267	177	10	87–104	87–104	PROPN
fsr-3267	177	11	mortgage	mortgage	NOUN
fsr-3267	177	12	varies	vary	VERB
fsr-3267	177	13	over	over	ADP
fsr-3267	177	14	time	time	NOUN
fsr-3267	177	15	,	,	PUNCT
fsr-3267	177	16	it	it	PRON
fsr-3267	177	17	is	be	AUX
fsr-3267	177	18	typically	typically	ADV
fsr-3267	177	19	well	well	ADV
fsr-3267	177	20	under	under	ADP
fsr-3267	177	21	10	10	NUM
fsr-3267	177	22	years	year	NOUN
fsr-3267	177	23	.	.	PUNCT
fsr-3267	178	1	for	for	ADP
fsr-3267	178	2	example	example	NOUN
fsr-3267	178	3	,	,	PUNCT
fsr-3267	178	4	freddie	freddie	PROPN
fsr-3267	178	5	mac	mac	PROPN
fsr-3267	178	6	’s	’s	PART
fsr-3267	178	7	offering	offer	VERB
fsr-3267	178	8	circular	circular	ADJ
fsr-3267	178	9	supplement	supplement	NOUN
fsr-3267	178	10	of	of	ADP
fsr-3267	178	11	june	june	PROPN
fsr-3267	178	12	,	,	PUNCT
fsr-3267	178	13	2010	2010	NUM
fsr-3267	178	14	,	,	PUNCT
fsr-3267	178	15	suggests	suggest	VERB
fsr-3267	178	16	a	a	DET
fsr-3267	178	17	weighted	weighted	ADJ
fsr-3267	178	18	average	average	ADJ
fsr-3267	178	19	life	life	NOUN
fsr-3267	178	20	of	of	ADP
fsr-3267	178	21	around	around	ADV
fsr-3267	178	22	six	six	NUM
fsr-3267	178	23	and	and	CCONJ
fsr-3267	178	24	a	a	DET
fsr-3267	178	25	half	half	NOUN
fsr-3267	178	26	years	year	NOUN
fsr-3267	178	27	.	.	PUNCT
fsr-3267	179	1	in	in	ADP
fsr-3267	179	2	this	this	DET
fsr-3267	179	3	range	range	NOUN
fsr-3267	179	4	,	,	PUNCT
fsr-3267	179	5	the	the	DET
fsr-3267	179	6	choice	choice	NOUN
fsr-3267	179	7	of	of	ADP
fsr-3267	179	8	a	a	DET
fsr-3267	179	9	15	15	NUM
fsr-3267	179	10	-	-	PUNCT
fsr-3267	179	11	year	year	NOUN
fsr-3267	179	12	mortgage	mortgage	NOUN
fsr-3267	179	13	still	still	ADV
fsr-3267	179	14	offers	offer	VERB
fsr-3267	179	15	a	a	DET
fsr-3267	179	16	low	low	ADJ
fsr-3267	179	17	-	-	PUNCT
fsr-3267	179	18	risk	risk	NOUN
fsr-3267	179	19	,	,	PUNCT
fsr-3267	179	20	double	double	ADJ
fsr-3267	179	21	-	-	PUNCT
fsr-3267	179	22	digit	digit	NOUN
fsr-3267	179	23	return	return	NOUN
fsr-3267	179	24	when	when	SCONJ
fsr-3267	179	25	compared	compare	VERB
fsr-3267	179	26	with	with	ADP
fsr-3267	179	27	the	the	DET
fsr-3267	179	28	30	30	NUM
fsr-3267	179	29	-	-	PUNCT
fsr-3267	179	30	year	year	NOUN
fsr-3267	179	31	mortgage	mortgage	NOUN
fsr-3267	179	32	.	.	PUNCT
fsr-3267	180	1	for	for	ADP
fsr-3267	180	2	purposes	purpose	NOUN
fsr-3267	180	3	of	of	ADP
fsr-3267	180	4	comparison	comparison	NOUN
fsr-3267	180	5	with	with	ADP
fsr-3267	180	6	other	other	ADJ
fsr-3267	180	7	low	low	ADJ
fsr-3267	180	8	risk	risk	NOUN
fsr-3267	180	9	investments	investment	NOUN
fsr-3267	180	10	,	,	PUNCT
fsr-3267	180	11	we	we	PRON
fsr-3267	180	12	note	note	VERB
fsr-3267	180	13	that	that	SCONJ
fsr-3267	180	14	ibbotson	ibbotson	PROPN
fsr-3267	180	15	and	and	CCONJ
fsr-3267	180	16	sinquefield	sinquefield	PROPN
fsr-3267	180	17	(	(	PUNCT
fsr-3267	180	18	2013	2013	NUM
fsr-3267	180	19	)	)	PUNCT
fsr-3267	180	20	report	report	NOUN
fsr-3267	180	21	that	that	SCONJ
fsr-3267	180	22	long	long	ADJ
fsr-3267	180	23	-	-	PUNCT
fsr-3267	180	24	term	term	NOUN
fsr-3267	180	25	government	government	NOUN
fsr-3267	180	26	bonds	bond	NOUN
fsr-3267	180	27	have	have	AUX
fsr-3267	180	28	a	a	DET
fsr-3267	180	29	geometric	geometric	ADJ
fsr-3267	180	30	mean	mean	NOUN
fsr-3267	180	31	return	return	NOUN
fsr-3267	180	32	of	of	ADP
fsr-3267	180	33	5.7	5.7	NUM
fsr-3267	180	34	%	%	NOUN
fsr-3267	180	35	and	and	CCONJ
fsr-3267	180	36	a	a	DET
fsr-3267	180	37	standard	standard	ADJ
fsr-3267	180	38	deviation	deviation	NOUN
fsr-3267	180	39	of	of	ADP
fsr-3267	180	40	returns	return	NOUN
fsr-3267	180	41	of	of	ADP
fsr-3267	180	42	9.7	9.7	NUM
fsr-3267	180	43	%	%	NOUN
fsr-3267	180	44	.	.	PUNCT
fsr-3267	181	1	the	the	DET
fsr-3267	181	2	result	result	NOUN
fsr-3267	181	3	that	that	SCONJ
fsr-3267	181	4	the	the	DET
fsr-3267	181	5	advantage	advantage	NOUN
fsr-3267	181	6	of	of	ADP
fsr-3267	181	7	the	the	DET
fsr-3267	181	8	15	15	NUM
fsr-3267	181	9	-	-	PUNCT
fsr-3267	181	10	year	year	NOUN
fsr-3267	181	11	mortgage	mortgage	NOUN
fsr-3267	181	12	is	be	AUX
fsr-3267	181	13	more	more	ADV
fsr-3267	181	14	pronounced	pronounced	ADJ
fsr-3267	181	15	when	when	SCONJ
fsr-3267	181	16	the	the	DET
fsr-3267	181	17	time	time	NOUN
fsr-3267	181	18	the	the	DET
fsr-3267	181	19	house	house	NOUN
fsr-3267	181	20	is	be	AUX
fsr-3267	181	21	sold	sell	VERB
fsr-3267	181	22	is	be	AUX
fsr-3267	181	23	shorter	short	ADJ
fsr-3267	181	24	has	have	VERB
fsr-3267	181	25	interesting	interesting	ADJ
fsr-3267	181	26	implications	implication	NOUN
fsr-3267	181	27	.	.	PUNCT
fsr-3267	182	1	specifically	specifically	ADV
fsr-3267	182	2	,	,	PUNCT
fsr-3267	182	3	younger	young	ADJ
fsr-3267	182	4	buyers	buyer	NOUN
fsr-3267	182	5	are	be	AUX
fsr-3267	182	6	more	more	ADV
fsr-3267	182	7	likely	likely	ADJ
fsr-3267	182	8	to	to	PART
fsr-3267	182	9	move	move	VERB
fsr-3267	182	10	(	(	PUNCT
fsr-3267	182	11	not	not	PART
fsr-3267	182	12	only	only	ADV
fsr-3267	182	13	because	because	SCONJ
fsr-3267	182	14	they	they	PRON
fsr-3267	182	15	are	be	AUX
fsr-3267	182	16	more	more	ADV
fsr-3267	182	17	likely	likely	ADJ
fsr-3267	182	18	to	to	PART
fsr-3267	182	19	have	have	VERB
fsr-3267	182	20	children	child	NOUN
fsr-3267	182	21	and	and	CCONJ
fsr-3267	182	22	have	have	VERB
fsr-3267	182	23	other	other	ADJ
fsr-3267	182	24	motivations	motivation	NOUN
fsr-3267	182	25	to	to	PART
fsr-3267	182	26	trade	trade	VERB
fsr-3267	182	27	up	up	ADP
fsr-3267	182	28	to	to	ADP
fsr-3267	182	29	larger	large	ADJ
fsr-3267	182	30	houses	house	NOUN
fsr-3267	182	31	,	,	PUNCT
fsr-3267	182	32	but	but	CCONJ
fsr-3267	182	33	also	also	ADV
fsr-3267	182	34	because	because	SCONJ
fsr-3267	182	35	they	they	PRON
fsr-3267	182	36	are	be	AUX
fsr-3267	182	37	more	more	ADV
fsr-3267	182	38	mobile	mobile	ADJ
fsr-3267	182	39	and	and	CCONJ
fsr-3267	182	40	likely	likely	ADJ
fsr-3267	182	41	to	to	PART
fsr-3267	182	42	move	move	VERB
fsr-3267	182	43	because	because	SCONJ
fsr-3267	182	44	of	of	ADP
fsr-3267	182	45	their	their	PRON
fsr-3267	182	46	job	job	NOUN
fsr-3267	182	47	)	)	PUNCT
fsr-3267	182	48	.	.	PUNCT
fsr-3267	183	1	thus	thus	ADV
fsr-3267	183	2	,	,	PUNCT
fsr-3267	183	3	while	while	SCONJ
fsr-3267	183	4	young	young	ADJ
fsr-3267	183	5	buyers	buyer	NOUN
fsr-3267	183	6	may	may	AUX
fsr-3267	183	7	place	place	VERB
fsr-3267	183	8	the	the	DET
fsr-3267	183	9	greatest	great	ADJ
fsr-3267	183	10	value	value	NOUN
fsr-3267	183	11	on	on	ADP
fsr-3267	183	12	the	the	DET
fsr-3267	183	13	fig	fig	NOUN
fsr-3267	183	14	.	.	PUNCT
fsr-3267	184	1	3	3	X
fsr-3267	184	2	.	.	X
fsr-3267	184	3	npv	npv	NOUN
fsr-3267	184	4	and	and	CCONJ
fsr-3267	184	5	irr	irr	NOUN
fsr-3267	184	6	of	of	ADP
fsr-3267	184	7	the	the	DET
fsr-3267	184	8	marginal	marginal	ADJ
fsr-3267	184	9	cash	cash	NOUN
fsr-3267	184	10	flows	flow	NOUN
fsr-3267	184	11	created	create	VERB
fsr-3267	184	12	by	by	ADP
fsr-3267	184	13	moving	move	VERB
fsr-3267	184	14	from	from	ADP
fsr-3267	184	15	a	a	DET
fsr-3267	184	16	30	30	NUM
fsr-3267	184	17	-	-	PUNCT
fsr-3267	184	18	year	year	NOUN
fsr-3267	184	19	mortgage	mortgage	NOUN
fsr-3267	184	20	to	to	ADP
fsr-3267	184	21	a	a	DET
fsr-3267	184	22	15	15	NUM
fsr-3267	184	23	-	-	PUNCT
fsr-3267	184	24	year	year	NOUN
fsr-3267	184	25	mortgage	mortgage	NOUN
fsr-3267	184	26	(	(	PUNCT
fsr-3267	184	27	ignoring	ignore	VERB
fsr-3267	184	28	taxes	taxis	NOUN
fsr-3267	184	29	)	)	PUNCT
fsr-3267	184	30	.	.	PUNCT
fsr-3267	185	1	the	the	DET
fsr-3267	185	2	figures	figure	NOUN
fsr-3267	185	3	above	above	ADP
fsr-3267	185	4	depict	depict	VERB
fsr-3267	185	5	the	the	DET
fsr-3267	185	6	npv	npv	NOUN
fsr-3267	185	7	and	and	CCONJ
fsr-3267	185	8	irr	irr	NOUN
fsr-3267	185	9	(	(	PUNCT
fsr-3267	185	10	expressed	express	VERB
fsr-3267	185	11	as	as	ADP
fsr-3267	185	12	an	an	DET
fsr-3267	185	13	apr	apr	NOUN
fsr-3267	185	14	)	)	PUNCT
fsr-3267	185	15	of	of	ADP
fsr-3267	185	16	the	the	DET
fsr-3267	185	17	marginal	marginal	ADJ
fsr-3267	185	18	investment	investment	NOUN
fsr-3267	185	19	(	(	PUNCT
fsr-3267	185	20	higher	high	ADJ
fsr-3267	185	21	payments	payment	NOUN
fsr-3267	185	22	for	for	ADP
fsr-3267	185	23	15	15	NUM
fsr-3267	185	24	years	year	NOUN
fsr-3267	185	25	)	)	PUNCT
fsr-3267	185	26	and	and	CCONJ
fsr-3267	185	27	marginal	marginal	ADJ
fsr-3267	185	28	benefits	benefit	NOUN
fsr-3267	185	29	(	(	PUNCT
fsr-3267	185	30	nothing	nothing	PRON
fsr-3267	185	31	owed	owe	VERB
fsr-3267	185	32	after	after	ADP
fsr-3267	185	33	15	15	NUM
fsr-3267	185	34	years	year	NOUN
fsr-3267	185	35	,	,	PUNCT
fsr-3267	185	36	and	and	CCONJ
fsr-3267	185	37	a	a	DET
fsr-3267	185	38	smaller	small	ADJ
fsr-3267	185	39	principal	principal	NOUN
fsr-3267	185	40	if	if	SCONJ
fsr-3267	185	41	the	the	DET
fsr-3267	185	42	house	house	NOUN
fsr-3267	185	43	is	be	AUX
fsr-3267	185	44	paid	pay	VERB
fsr-3267	185	45	off	off	ADP
fsr-3267	185	46	before	before	ADP
fsr-3267	185	47	15	15	NUM
fsr-3267	185	48	years	year	NOUN
fsr-3267	185	49	)	)	PUNCT
fsr-3267	185	50	.	.	PUNCT
fsr-3267	186	1	in	in	ADP
fsr-3267	186	2	both	both	DET
fsr-3267	186	3	cases	case	NOUN
fsr-3267	186	4	the	the	DET
fsr-3267	186	5	x	x	NOUN
fsr-3267	186	6	-	-	NOUN
fsr-3267	186	7	axis	axis	NOUN
fsr-3267	186	8	represents	represent	VERB
fsr-3267	186	9	the	the	DET
fsr-3267	186	10	number	number	NOUN
fsr-3267	186	11	of	of	ADP
fsr-3267	186	12	years	year	NOUN
fsr-3267	186	13	before	before	SCONJ
fsr-3267	186	14	the	the	DET
fsr-3267	186	15	house	house	NOUN
fsr-3267	186	16	is	be	AUX
fsr-3267	186	17	sold	sell	VERB
fsr-3267	186	18	or	or	CCONJ
fsr-3267	186	19	both	both	DET
fsr-3267	186	20	mortgages	mortgage	NOUN
fsr-3267	186	21	paid	pay	VERB
fsr-3267	186	22	off	off	ADP
fsr-3267	186	23	.	.	PUNCT
fsr-3267	187	1	whether	whether	SCONJ
fsr-3267	187	2	measured	measure	VERB
fsr-3267	187	3	by	by	ADP
fsr-3267	187	4	npv	npv	NOUN
fsr-3267	187	5	or	or	CCONJ
fsr-3267	187	6	irr	irr	NOUN
fsr-3267	187	7	,	,	PUNCT
fsr-3267	187	8	the	the	DET
fsr-3267	187	9	financial	financial	ADJ
fsr-3267	187	10	advantage	advantage	NOUN
fsr-3267	187	11	of	of	ADP
fsr-3267	187	12	the	the	DET
fsr-3267	187	13	15	15	NUM
fsr-3267	187	14	-	-	PUNCT
fsr-3267	187	15	year	year	NOUN
fsr-3267	187	16	mortgage	mortgage	NOUN
fsr-3267	187	17	is	be	AUX
fsr-3267	187	18	significant	significant	ADJ
fsr-3267	187	19	.	.	PUNCT
fsr-3267	188	1	the	the	DET
fsr-3267	188	2	figures	figure	NOUN
fsr-3267	188	3	shown	show	VERB
fsr-3267	188	4	are	be	AUX
fsr-3267	188	5	for	for	ADP
fsr-3267	188	6	a	a	DET
fsr-3267	188	7	$	$	SYM
fsr-3267	188	8	500,000	500,000	NUM
fsr-3267	188	9	mortgage	mortgage	NOUN
fsr-3267	188	10	,	,	PUNCT
fsr-3267	188	11	with	with	ADP
fsr-3267	188	12	an	an	DET
fsr-3267	188	13	apr	apr	NOUN
fsr-3267	188	14	of	of	ADP
fsr-3267	188	15	3.75	3.75	NUM
fsr-3267	188	16	%	%	NOUN
fsr-3267	188	17	for	for	ADP
fsr-3267	188	18	a	a	DET
fsr-3267	188	19	15	15	NUM
fsr-3267	188	20	-	-	PUNCT
fsr-3267	188	21	year	year	NOUN
fsr-3267	188	22	mortgage	mortgage	NOUN
fsr-3267	188	23	and	and	CCONJ
fsr-3267	188	24	4.5	4.5	NUM
fsr-3267	188	25	%	%	NOUN
fsr-3267	188	26	for	for	ADP
fsr-3267	188	27	a	a	DET
fsr-3267	188	28	30	30	NUM
fsr-3267	188	29	-	-	PUNCT
fsr-3267	188	30	year	year	NOUN
fsr-3267	188	31	mortgage	mortgage	NOUN
fsr-3267	188	32	.	.	PUNCT
fsr-3267	189	1	96	96	NUM
fsr-3267	189	2	j.	j.	PROPN
fsr-3267	189	3	musumeci	musumeci	PROPN
fsr-3267	189	4	/	/	SYM
fsr-3267	189	5	financial	financial	ADJ
fsr-3267	189	6	services	service	NOUN
fsr-3267	189	7	review	review	VERB
fsr-3267	189	8	25	25	NUM
fsr-3267	189	9	(	(	PUNCT
fsr-3267	189	10	2016	2016	NUM
fsr-3267	189	11	)	)	PUNCT
fsr-3267	190	1	87–104	87–104	PROPN
fsr-3267	190	2	flexibility	flexibility	NOUN
fsr-3267	190	3	a	a	DET
fsr-3267	190	4	30	30	NUM
fsr-3267	190	5	-	-	PUNCT
fsr-3267	190	6	year	year	NOUN
fsr-3267	190	7	mortgage	mortgage	NOUN
fsr-3267	190	8	has	have	VERB
fsr-3267	190	9	to	to	PART
fsr-3267	190	10	offer	offer	VERB
fsr-3267	190	11	,	,	PUNCT
fsr-3267	190	12	they	they	PRON
fsr-3267	190	13	might	might	AUX
fsr-3267	190	14	also	also	ADV
fsr-3267	190	15	be	be	AUX
fsr-3267	190	16	the	the	DET
fsr-3267	190	17	ones	one	NOUN
fsr-3267	190	18	to	to	PART
fsr-3267	190	19	stand	stand	VERB
fsr-3267	190	20	to	to	PART
fsr-3267	190	21	gain	gain	VERB
fsr-3267	190	22	the	the	DET
fsr-3267	190	23	most	most	ADJ
fsr-3267	190	24	from	from	ADP
fsr-3267	190	25	the	the	DET
fsr-3267	190	26	marginal	marginal	ADJ
fsr-3267	190	27	investment	investment	NOUN
fsr-3267	190	28	required	require	VERB
fsr-3267	190	29	of	of	ADP
fsr-3267	190	30	a	a	DET
fsr-3267	190	31	15	15	NUM
fsr-3267	190	32	-	-	PUNCT
fsr-3267	190	33	year	year	NOUN
fsr-3267	190	34	mortgage	mortgage	NOUN
fsr-3267	190	35	.	.	PUNCT
fsr-3267	191	1	moreover	moreover	ADV
fsr-3267	191	2	,	,	PUNCT
fsr-3267	191	3	as	as	SCONJ
fsr-3267	191	4	samuelson	samuelson	PROPN
fsr-3267	191	5	(	(	PUNCT
fsr-3267	191	6	1994	1994	NUM
fsr-3267	191	7	)	)	PUNCT
fsr-3267	191	8	and	and	CCONJ
fsr-3267	191	9	bodie	bodie	PROPN
fsr-3267	191	10	,	,	PUNCT
fsr-3267	191	11	merton	merton	PROPN
fsr-3267	191	12	,	,	PUNCT
fsr-3267	191	13	and	and	CCONJ
fsr-3267	191	14	samuelson	samuelson	PROPN
fsr-3267	191	15	(	(	PUNCT
fsr-3267	191	16	1992	1992	NUM
fsr-3267	191	17	)	)	PUNCT
fsr-3267	191	18	point	point	VERB
fsr-3267	191	19	out	out	ADP
fsr-3267	191	20	,	,	PUNCT
fsr-3267	191	21	younger	young	ADJ
fsr-3267	191	22	investors	investor	NOUN
fsr-3267	191	23	may	may	AUX
fsr-3267	191	24	find	find	VERB
fsr-3267	191	25	it	it	PRON
fsr-3267	191	26	optimal	optimal	ADJ
fsr-3267	191	27	to	to	PART
fsr-3267	191	28	take	take	VERB
fsr-3267	191	29	more	more	ADJ
fsr-3267	191	30	risks	risk	NOUN
fsr-3267	191	31	because	because	SCONJ
fsr-3267	191	32	,	,	PUNCT
fsr-3267	191	33	if	if	SCONJ
fsr-3267	191	34	the	the	DET
fsr-3267	191	35	outcomes	outcome	NOUN
fsr-3267	191	36	are	be	AUX
fsr-3267	191	37	unfavorable	unfavorable	ADJ
fsr-3267	191	38	,	,	PUNCT
fsr-3267	191	39	they	they	PRON
fsr-3267	191	40	still	still	ADV
fsr-3267	191	41	have	have	VERB
fsr-3267	191	42	time	time	NOUN
fsr-3267	191	43	to	to	PART
fsr-3267	191	44	make	make	VERB
fsr-3267	191	45	the	the	DET
fsr-3267	191	46	required	require	VERB
fsr-3267	191	47	adjustments	adjustment	NOUN
fsr-3267	191	48	later	later	ADV
fsr-3267	191	49	in	in	ADP
fsr-3267	191	50	life	life	NOUN
fsr-3267	191	51	.	.	PUNCT
fsr-3267	192	1	if	if	SCONJ
fsr-3267	192	2	any	any	DET
fsr-3267	192	3	group	group	NOUN
fsr-3267	192	4	were	be	AUX
fsr-3267	192	5	to	to	PART
fsr-3267	192	6	find	find	VERB
fsr-3267	192	7	the	the	DET
fsr-3267	192	8	higher	high	ADJ
fsr-3267	192	9	costs	cost	NOUN
fsr-3267	192	10	of	of	ADP
fsr-3267	192	11	a	a	DET
fsr-3267	192	12	30	30	NUM
fsr-3267	192	13	-	-	PUNCT
fsr-3267	192	14	year	year	NOUN
fsr-3267	192	15	mortgage	mortgage	NOUN
fsr-3267	192	16	acceptable	acceptable	ADJ
fsr-3267	192	17	,	,	PUNCT
fsr-3267	192	18	it	it	PRON
fsr-3267	192	19	is	be	AUX
fsr-3267	192	20	likely	likely	ADJ
fsr-3267	192	21	to	to	PART
fsr-3267	192	22	be	be	AUX
fsr-3267	192	23	this	this	DET
fsr-3267	192	24	group	group	NOUN
fsr-3267	192	25	,	,	PUNCT
fsr-3267	192	26	as	as	SCONJ
fsr-3267	192	27	they	they	PRON
fsr-3267	192	28	want	want	VERB
fsr-3267	192	29	to	to	PART
fsr-3267	192	30	invest	invest	VERB
fsr-3267	192	31	any	any	DET
fsr-3267	192	32	additional	additional	ADJ
fsr-3267	192	33	money	money	NOUN
fsr-3267	192	34	in	in	ADP
fsr-3267	192	35	higher	high	ADJ
fsr-3267	192	36	-	-	PUNCT
fsr-3267	192	37	risk	risk	NOUN
fsr-3267	192	38	ventures	venture	NOUN
fsr-3267	192	39	as	as	ADP
fsr-3267	192	40	goff	goff	PROPN
fsr-3267	192	41	and	and	CCONJ
fsr-3267	192	42	cox	cox	PROPN
fsr-3267	192	43	(	(	PUNCT
fsr-3267	192	44	1998	1998	NUM
fsr-3267	192	45	)	)	PUNCT
fsr-3267	193	1	suggest.9	suggest.9	NOUN
fsr-3267	193	2	on	on	ADP
fsr-3267	193	3	the	the	DET
fsr-3267	193	4	other	other	ADJ
fsr-3267	193	5	hand	hand	NOUN
fsr-3267	193	6	,	,	PUNCT
fsr-3267	193	7	this	this	DET
fsr-3267	193	8	age	age	NOUN
fsr-3267	193	9	group	group	NOUN
fsr-3267	193	10	may	may	AUX
fsr-3267	193	11	also	also	ADV
fsr-3267	193	12	earn	earn	VERB
fsr-3267	193	13	the	the	DET
fsr-3267	193	14	highest	high	ADJ
fsr-3267	193	15	returns	return	NOUN
fsr-3267	193	16	from	from	ADP
fsr-3267	193	17	a	a	DET
fsr-3267	193	18	15	15	NUM
fsr-3267	193	19	-	-	PUNCT
fsr-3267	193	20	year	year	NOUN
fsr-3267	193	21	mortgage	mortgage	NOUN
fsr-3267	193	22	because	because	SCONJ
fsr-3267	193	23	of	of	ADP
fsr-3267	193	24	the	the	DET
fsr-3267	193	25	greater	great	ADJ
fsr-3267	193	26	likelihood	likelihood	NOUN
fsr-3267	193	27	they	they	PRON
fsr-3267	193	28	will	will	AUX
fsr-3267	193	29	sell	sell	VERB
fsr-3267	193	30	the	the	DET
fsr-3267	193	31	house	house	NOUN
fsr-3267	193	32	relatively	relatively	ADV
fsr-3267	193	33	early	early	ADV
fsr-3267	193	34	,	,	PUNCT
fsr-3267	193	35	which	which	PRON
fsr-3267	193	36	realizes	realize	VERB
fsr-3267	193	37	the	the	DET
fsr-3267	193	38	highest	high	ADJ
fsr-3267	193	39	return	return	NOUN
fsr-3267	193	40	on	on	ADP
fsr-3267	193	41	the	the	DET
fsr-3267	193	42	marginal	marginal	ADJ
fsr-3267	193	43	cash	cash	NOUN
fsr-3267	193	44	flows	flow	NOUN
fsr-3267	193	45	.	.	PUNCT
fsr-3267	194	1	the	the	DET
fsr-3267	194	2	situation	situation	NOUN
fsr-3267	194	3	appears	appear	VERB
fsr-3267	194	4	clearer	clear	ADJ
fsr-3267	194	5	for	for	ADP
fsr-3267	194	6	older	old	ADJ
fsr-3267	194	7	homebuyers	homebuyer	NOUN
fsr-3267	194	8	who	who	PRON
fsr-3267	194	9	will	will	AUX
fsr-3267	194	10	want	want	VERB
fsr-3267	194	11	to	to	PART
fsr-3267	194	12	reduce	reduce	VERB
fsr-3267	194	13	their	their	PRON
fsr-3267	194	14	risks	risk	NOUN
fsr-3267	194	15	as	as	SCONJ
fsr-3267	194	16	they	they	PRON
fsr-3267	194	17	get	get	VERB
fsr-3267	194	18	closer	close	ADJ
fsr-3267	194	19	to	to	ADP
fsr-3267	194	20	the	the	DET
fsr-3267	194	21	end	end	NOUN
fsr-3267	194	22	of	of	ADP
fsr-3267	194	23	their	their	PRON
fsr-3267	194	24	working	working	NOUN
fsr-3267	194	25	years	year	NOUN
fsr-3267	194	26	,	,	PUNCT
fsr-3267	194	27	and	and	CCONJ
fsr-3267	194	28	for	for	ADP
fsr-3267	194	29	such	such	ADJ
fsr-3267	194	30	individuals	individual	NOUN
fsr-3267	194	31	a	a	DET
fsr-3267	194	32	15	15	NUM
fsr-3267	194	33	-	-	PUNCT
fsr-3267	194	34	year	year	NOUN
fsr-3267	194	35	mortgage	mortgage	NOUN
fsr-3267	194	36	is	be	AUX
fsr-3267	194	37	more	more	ADV
fsr-3267	194	38	likely	likely	ADJ
fsr-3267	194	39	to	to	PART
fsr-3267	194	40	be	be	AUX
fsr-3267	194	41	the	the	DET
fsr-3267	194	42	optimal	optimal	ADJ
fsr-3267	194	43	choice	choice	NOUN
fsr-3267	194	44	.	.	PUNCT
fsr-3267	195	1	whether	whether	SCONJ
fsr-3267	195	2	the	the	DET
fsr-3267	195	3	extra	extra	ADJ
fsr-3267	195	4	costs	cost	NOUN
fsr-3267	195	5	of	of	ADP
fsr-3267	195	6	the	the	DET
fsr-3267	195	7	30	30	NUM
fsr-3267	195	8	-	-	PUNCT
fsr-3267	195	9	year	year	NOUN
fsr-3267	195	10	mortgage	mortgage	NOUN
fsr-3267	195	11	are	be	AUX
fsr-3267	195	12	acceptable	acceptable	ADJ
fsr-3267	195	13	depends	depend	VERB
fsr-3267	195	14	on	on	ADP
fsr-3267	195	15	such	such	ADJ
fsr-3267	195	16	characteristics	characteristic	NOUN
fsr-3267	195	17	as	as	ADP
fsr-3267	195	18	the	the	DET
fsr-3267	195	19	borrower	borrower	NOUN
fsr-3267	195	20	’s	’s	PART
fsr-3267	195	21	age	age	NOUN
fsr-3267	195	22	,	,	PUNCT
fsr-3267	195	23	the	the	DET
fsr-3267	195	24	stability	stability	NOUN
fsr-3267	195	25	of	of	ADP
fsr-3267	195	26	her	her	PRON
fsr-3267	195	27	cash	cash	NOUN
fsr-3267	195	28	flows	flow	NOUN
fsr-3267	195	29	,	,	PUNCT
fsr-3267	195	30	her	her	PRON
fsr-3267	195	31	degree	degree	NOUN
fsr-3267	195	32	of	of	ADP
fsr-3267	195	33	risk	risk	NOUN
fsr-3267	195	34	aversion	aversion	NOUN
fsr-3267	195	35	,	,	PUNCT
fsr-3267	195	36	her	her	PRON
fsr-3267	195	37	overall	overall	ADJ
fsr-3267	195	38	portfolio	portfolio	NOUN
fsr-3267	195	39	,	,	PUNCT
fsr-3267	195	40	and	and	CCONJ
fsr-3267	195	41	her	her	PRON
fsr-3267	195	42	progress	progress	NOUN
fsr-3267	195	43	towards	towards	ADP
fsr-3267	195	44	retirement	retirement	NOUN
fsr-3267	195	45	goals	goal	NOUN
fsr-3267	195	46	.	.	PUNCT
fsr-3267	196	1	it	it	PRON
fsr-3267	196	2	is	be	AUX
fsr-3267	196	3	easy	easy	ADJ
fsr-3267	196	4	to	to	PART
fsr-3267	196	5	say	say	VERB
fsr-3267	196	6	that	that	SCONJ
fsr-3267	196	7	the	the	DET
fsr-3267	196	8	$	$	SYM
fsr-3267	196	9	1102.69	1102.69	NUM
fsr-3267	196	10	is	be	AUX
fsr-3267	196	11	a	a	DET
fsr-3267	196	12	good	good	ADJ
fsr-3267	196	13	investment	investment	NOUN
fsr-3267	196	14	,	,	PUNCT
fsr-3267	196	15	but	but	CCONJ
fsr-3267	196	16	just	just	ADV
fsr-3267	196	17	where	where	SCONJ
fsr-3267	196	18	is	be	AUX
fsr-3267	196	19	that	that	DET
fsr-3267	196	20	money	money	NOUN
fsr-3267	196	21	to	to	PART
fsr-3267	196	22	be	be	AUX
fsr-3267	196	23	found	find	VERB
fsr-3267	196	24	?	?	PUNCT
fsr-3267	197	1	one	one	NUM
fsr-3267	197	2	possibility	possibility	NOUN
fsr-3267	197	3	is	be	AUX
fsr-3267	197	4	that	that	SCONJ
fsr-3267	197	5	it	it	PRON
fsr-3267	197	6	can	can	AUX
fsr-3267	197	7	take	take	VERB
fsr-3267	197	8	the	the	DET
fsr-3267	197	9	place	place	NOUN
fsr-3267	197	10	of	of	ADP
fsr-3267	197	11	some	some	DET
fsr-3267	197	12	alternate	alternate	ADJ
fsr-3267	197	13	investments	investment	NOUN
fsr-3267	197	14	,	,	PUNCT
fsr-3267	197	15	for	for	ADP
fsr-3267	197	16	example	example	NOUN
fsr-3267	197	17	,	,	PUNCT
fsr-3267	197	18	any	any	DET
fsr-3267	197	19	part	part	NOUN
fsr-3267	197	20	of	of	ADP
fsr-3267	197	21	an	an	DET
fsr-3267	197	22	investment	investment	NOUN
fsr-3267	197	23	portfolio	portfolio	NOUN
fsr-3267	197	24	that	that	PRON
fsr-3267	197	25	would	would	AUX
fsr-3267	197	26	otherwise	otherwise	ADV
fsr-3267	197	27	be	be	AUX
fsr-3267	197	28	allocated	allocate	VERB
fsr-3267	197	29	to	to	ADP
fsr-3267	197	30	low	low	ADJ
fsr-3267	197	31	-	-	PUNCT
fsr-3267	197	32	risk	risk	NOUN
fsr-3267	197	33	investments	investment	NOUN
fsr-3267	197	34	.	.	PUNCT
fsr-3267	198	1	the	the	DET
fsr-3267	198	2	borrower	borrower	NOUN
fsr-3267	198	3	who	who	PRON
fsr-3267	198	4	sells	sell	VERB
fsr-3267	198	5	the	the	DET
fsr-3267	198	6	house	house	NOUN
fsr-3267	198	7	after	after	ADP
fsr-3267	198	8	seven	seven	NUM
fsr-3267	198	9	years	year	NOUN
fsr-3267	198	10	,	,	PUNCT
fsr-3267	198	11	for	for	ADP
fsr-3267	198	12	example	example	NOUN
fsr-3267	198	13	,	,	PUNCT
fsr-3267	198	14	will	will	AUX
fsr-3267	198	15	be	be	AUX
fsr-3267	198	16	better	well	ADV
fsr-3267	198	17	placed	place	VERB
fsr-3267	198	18	at	at	ADP
fsr-3267	198	19	that	that	DET
fsr-3267	198	20	time	time	NOUN
fsr-3267	198	21	if	if	SCONJ
fsr-3267	198	22	he	he	PRON
fsr-3267	198	23	has	have	AUX
fsr-3267	198	24	chosen	choose	VERB
fsr-3267	198	25	the	the	DET
fsr-3267	198	26	15	15	NUM
fsr-3267	198	27	-	-	PUNCT
fsr-3267	198	28	year	year	NOUN
fsr-3267	198	29	mortgage	mortgage	NOUN
fsr-3267	198	30	,	,	PUNCT
fsr-3267	198	31	as	as	SCONJ
fsr-3267	198	32	he	he	PRON
fsr-3267	198	33	has	have	AUX
fsr-3267	198	34	effectively	effectively	ADV
fsr-3267	198	35	invested	invest	VERB
fsr-3267	198	36	the	the	DET
fsr-3267	198	37	$	$	SYM
fsr-3267	198	38	1102.69	1102.69	NUM
fsr-3267	198	39	at	at	ADP
fsr-3267	198	40	an	an	DET
fsr-3267	198	41	apr	apr	NOUN
fsr-3267	198	42	of	of	ADP
fsr-3267	198	43	10.12	10.12	NUM
fsr-3267	198	44	%	%	NOUN
fsr-3267	198	45	,	,	PUNCT
fsr-3267	198	46	which	which	PRON
fsr-3267	198	47	is	be	AUX
fsr-3267	198	48	equivalent	equivalent	ADJ
fsr-3267	198	49	to	to	ADP
fsr-3267	198	50	an	an	DET
fsr-3267	198	51	ear	ear	NOUN
fsr-3267	198	52	of	of	ADP
fsr-3267	198	53	10.60	10.60	NUM
fsr-3267	198	54	%	%	NOUN
fsr-3267	198	55	.	.	PUNCT
fsr-3267	199	1	this	this	PRON
fsr-3267	199	2	is	be	AUX
fsr-3267	199	3	considerably	considerably	ADV
fsr-3267	199	4	higher	high	ADJ
fsr-3267	199	5	than	than	ADP
fsr-3267	199	6	the	the	DET
fsr-3267	199	7	expected	expect	VERB
fsr-3267	199	8	return	return	NOUN
fsr-3267	199	9	of	of	ADP
fsr-3267	199	10	a	a	DET
fsr-3267	199	11	low	low	ADJ
fsr-3267	199	12	-	-	PUNCT
fsr-3267	199	13	risk	risk	NOUN
fsr-3267	199	14	bond	bond	NOUN
fsr-3267	199	15	portfolio	portfolio	NOUN
fsr-3267	199	16	,	,	PUNCT
fsr-3267	199	17	and	and	CCONJ
fsr-3267	199	18	even	even	ADV
fsr-3267	199	19	higher	high	ADJ
fsr-3267	199	20	than	than	ADP
fsr-3267	199	21	the	the	DET
fsr-3267	199	22	historical	historical	ADJ
fsr-3267	199	23	geometric	geometric	ADJ
fsr-3267	199	24	mean	mean	NOUN
fsr-3267	199	25	return	return	NOUN
fsr-3267	199	26	of	of	ADP
fsr-3267	199	27	9.8	9.8	NUM
fsr-3267	199	28	%	%	NOUN
fsr-3267	199	29	from	from	ADP
fsr-3267	199	30	investing	invest	VERB
fsr-3267	199	31	in	in	ADP
fsr-3267	199	32	equity	equity	NOUN
fsr-3267	199	33	.	.	PUNCT
fsr-3267	200	1	consider	consider	VERB
fsr-3267	200	2	,	,	PUNCT
fsr-3267	200	3	for	for	ADP
fsr-3267	200	4	example	example	NOUN
fsr-3267	200	5	,	,	PUNCT
fsr-3267	200	6	a	a	DET
fsr-3267	200	7	younger	young	ADJ
fsr-3267	200	8	homebuyer	homebuyer	NOUN
fsr-3267	200	9	who	who	PRON
fsr-3267	200	10	knew	know	VERB
fsr-3267	200	11	a	a	DET
fsr-3267	200	12	move	move	NOUN
fsr-3267	200	13	was	be	AUX
fsr-3267	200	14	likely	likely	ADJ
fsr-3267	200	15	after	after	ADP
fsr-3267	200	16	about	about	ADV
fsr-3267	200	17	seven	seven	NUM
fsr-3267	200	18	years	year	NOUN
fsr-3267	200	19	in	in	ADP
fsr-3267	200	20	his	his	PRON
fsr-3267	200	21	current	current	ADJ
fsr-3267	200	22	location	location	NOUN
fsr-3267	200	23	.	.	PUNCT
fsr-3267	201	1	because	because	SCONJ
fsr-3267	201	2	of	of	ADP
fsr-3267	201	3	its	its	PRON
fsr-3267	201	4	substantially	substantially	ADV
fsr-3267	201	5	lower	low	ADJ
fsr-3267	201	6	risk	risk	NOUN
fsr-3267	201	7	,	,	PUNCT
fsr-3267	201	8	the	the	DET
fsr-3267	201	9	riskless	riskless	NOUN
fsr-3267	201	10	ear	ear	NOUN
fsr-3267	201	11	of	of	ADP
fsr-3267	201	12	10.6	10.6	NUM
fsr-3267	201	13	%	%	NOUN
fsr-3267	201	14	on	on	ADP
fsr-3267	201	15	the	the	DET
fsr-3267	201	16	marginal	marginal	ADJ
fsr-3267	201	17	investment	investment	NOUN
fsr-3267	201	18	in	in	ADP
fsr-3267	201	19	a	a	DET
fsr-3267	201	20	15	15	NUM
fsr-3267	201	21	-	-	PUNCT
fsr-3267	201	22	year	year	NOUN
fsr-3267	201	23	mortgage	mortgage	NOUN
fsr-3267	201	24	would	would	AUX
fsr-3267	201	25	seem	seem	VERB
fsr-3267	201	26	to	to	PART
fsr-3267	201	27	dominate	dominate	VERB
fsr-3267	201	28	the	the	DET
fsr-3267	201	29	risky	risky	ADJ
fsr-3267	201	30	9.8	9.8	NUM
fsr-3267	201	31	%	%	NOUN
fsr-3267	201	32	he	he	PRON
fsr-3267	201	33	would	would	AUX
fsr-3267	201	34	expect	expect	VERB
fsr-3267	201	35	to	to	PART
fsr-3267	201	36	earn	earn	VERB
fsr-3267	201	37	if	if	SCONJ
fsr-3267	201	38	the	the	DET
fsr-3267	201	39	same	same	ADJ
fsr-3267	201	40	marginal	marginal	ADJ
fsr-3267	201	41	cash	cash	NOUN
fsr-3267	201	42	flows	flow	NOUN
fsr-3267	201	43	were	be	AUX
fsr-3267	201	44	invested	invest	VERB
fsr-3267	201	45	in	in	ADP
fsr-3267	201	46	an	an	DET
fsr-3267	201	47	all	all	DET
fsr-3267	201	48	-	-	PUNCT
fsr-3267	201	49	equity	equity	NOUN
fsr-3267	201	50	portfolio	portfolio	NOUN
fsr-3267	201	51	.	.	PUNCT
fsr-3267	202	1	4	4	NUM
fsr-3267	202	2	.	.	NOUN
fsr-3267	202	3	15	15	NUM
fsr-3267	202	4	-	-	PUNCT
fsr-3267	202	5	year	year	NOUN
fsr-3267	202	6	versus	versus	ADP
fsr-3267	202	7	30	30	NUM
fsr-3267	202	8	-	-	PUNCT
fsr-3267	202	9	year	year	NOUN
fsr-3267	202	10	mortgages	mortgage	NOUN
fsr-3267	202	11	(	(	PUNCT
fsr-3267	202	12	considering	consider	VERB
fsr-3267	202	13	taxes	taxis	NOUN
fsr-3267	202	14	and	and	CCONJ
fsr-3267	202	15	different	different	ADJ
fsr-3267	202	16	levels	level	NOUN
fsr-3267	202	17	of	of	ADP
fsr-3267	202	18	interest	interest	NOUN
fsr-3267	202	19	rates	rate	NOUN
fsr-3267	202	20	)	)	PUNCT
fsr-3267	202	21	in	in	ADP
fsr-3267	202	22	a	a	DET
fsr-3267	202	23	different	different	ADJ
fsr-3267	202	24	setting	setting	NOUN
fsr-3267	202	25	,	,	PUNCT
fsr-3267	202	26	fortin	fortin	PROPN
fsr-3267	202	27	et	et	PROPN
fsr-3267	202	28	al	al	PROPN
fsr-3267	202	29	.	.	PROPN
fsr-3267	203	1	(	(	PUNCT
fsr-3267	203	2	2007	2007	NUM
fsr-3267	203	3	)	)	PUNCT
fsr-3267	203	4	find	find	VERB
fsr-3267	203	5	that	that	SCONJ
fsr-3267	203	6	rules	rule	NOUN
fsr-3267	203	7	of	of	ADP
fsr-3267	203	8	thumb	thumb	NOUN
fsr-3267	203	9	also	also	ADV
fsr-3267	203	10	do	do	AUX
fsr-3267	203	11	not	not	PART
fsr-3267	203	12	work	work	VERB
fsr-3267	203	13	very	very	ADV
fsr-3267	203	14	well	well	ADV
fsr-3267	203	15	in	in	ADP
fsr-3267	203	16	a	a	DET
fsr-3267	203	17	refinancing	refinance	VERB
fsr-3267	203	18	context	context	NOUN
fsr-3267	203	19	.	.	PUNCT
fsr-3267	204	1	specifically	specifically	ADV
fsr-3267	204	2	,	,	PUNCT
fsr-3267	204	3	they	they	PRON
fsr-3267	204	4	found	find	VERB
fsr-3267	204	5	that	that	SCONJ
fsr-3267	204	6	,	,	PUNCT
fsr-3267	204	7	when	when	SCONJ
fsr-3267	204	8	considering	consider	VERB
fsr-3267	204	9	taxes	taxis	NOUN
fsr-3267	204	10	and	and	CCONJ
fsr-3267	204	11	time	time	NOUN
fsr-3267	204	12	value	value	NOUN
fsr-3267	204	13	of	of	ADP
fsr-3267	204	14	money	money	NOUN
fsr-3267	204	15	,	,	PUNCT
fsr-3267	204	16	the	the	DET
fsr-3267	204	17	breakeven	breakeven	ADJ
fsr-3267	204	18	point	point	NOUN
fsr-3267	204	19	for	for	ADP
fsr-3267	204	20	refinancing	refinance	VERB
fsr-3267	204	21	was	be	AUX
fsr-3267	204	22	35	35	NUM
fsr-3267	204	23	%	%	NOUN
fsr-3267	204	24	to	to	PART
fsr-3267	204	25	40	40	NUM
fsr-3267	204	26	%	%	NOUN
fsr-3267	204	27	more	more	ADV
fsr-3267	204	28	distant	distant	ADJ
fsr-3267	204	29	than	than	SCONJ
fsr-3267	204	30	otherwise	otherwise	ADV
fsr-3267	204	31	estimated	estimate	VERB
fsr-3267	204	32	.	.	PUNCT
fsr-3267	205	1	however	however	ADV
fsr-3267	205	2	,	,	PUNCT
fsr-3267	205	3	in	in	ADP
fsr-3267	205	4	their	their	PRON
fsr-3267	205	5	framework	framework	NOUN
fsr-3267	205	6	,	,	PUNCT
fsr-3267	205	7	refinancing	refinance	VERB
fsr-3267	205	8	required	required	ADJ
fsr-3267	205	9	fees	fee	NOUN
fsr-3267	205	10	that	that	PRON
fsr-3267	205	11	provided	provide	VERB
fsr-3267	205	12	no	no	DET
fsr-3267	205	13	tax	tax	NOUN
fsr-3267	205	14	shield	shield	NOUN
fsr-3267	205	15	,	,	PUNCT
fsr-3267	205	16	and	and	CCONJ
fsr-3267	205	17	which	which	PRON
fsr-3267	205	18	were	be	AUX
fsr-3267	205	19	used	use	VERB
fsr-3267	205	20	to	to	PART
fsr-3267	205	21	reduce	reduce	VERB
fsr-3267	205	22	interest	interest	NOUN
fsr-3267	205	23	expense	expense	NOUN
fsr-3267	205	24	,	,	PUNCT
fsr-3267	205	25	which	which	PRON
fsr-3267	205	26	reduces	reduce	VERB
fsr-3267	205	27	the	the	DET
fsr-3267	205	28	tax	tax	NOUN
fsr-3267	205	29	benefits	benefit	NOUN
fsr-3267	205	30	.	.	PUNCT
fsr-3267	206	1	in	in	ADP
fsr-3267	206	2	our	our	PRON
fsr-3267	206	3	framework	framework	NOUN
fsr-3267	206	4	,	,	PUNCT
fsr-3267	206	5	interest	interest	NOUN
fsr-3267	206	6	for	for	ADP
fsr-3267	206	7	either	either	DET
fsr-3267	206	8	mortgage	mortgage	NOUN
fsr-3267	206	9	is	be	AUX
fsr-3267	206	10	tax	tax	NOUN
fsr-3267	206	11	deductible	deductible	ADJ
fsr-3267	206	12	,	,	PUNCT
fsr-3267	206	13	so	so	SCONJ
fsr-3267	206	14	taxes	taxis	NOUN
fsr-3267	206	15	do	do	AUX
fsr-3267	206	16	not	not	PART
fsr-3267	206	17	affect	affect	VERB
fsr-3267	206	18	the	the	DET
fsr-3267	206	19	result	result	NOUN
fsr-3267	206	20	in	in	ADP
fsr-3267	206	21	such	such	DET
fsr-3267	206	22	a	a	DET
fsr-3267	206	23	lopsided	lopsided	ADJ
fsr-3267	206	24	way	way	NOUN
fsr-3267	206	25	,	,	PUNCT
fsr-3267	206	26	as	as	SCONJ
fsr-3267	206	27	can	can	AUX
fsr-3267	206	28	be	be	AUX
fsr-3267	206	29	seen	see	VERB
fsr-3267	206	30	in	in	ADP
fsr-3267	206	31	table	table	NOUN
fsr-3267	206	32	3	3	NUM
fsr-3267	206	33	.	.	PUNCT
fsr-3267	207	1	although	although	SCONJ
fsr-3267	207	2	all	all	DET
fsr-3267	207	3	calculations	calculation	NOUN
fsr-3267	207	4	were	be	AUX
fsr-3267	207	5	made	make	VERB
fsr-3267	207	6	with	with	ADP
fsr-3267	207	7	after	after	ADP
fsr-3267	207	8	-	-	PUNCT
fsr-3267	207	9	tax	tax	NOUN
fsr-3267	207	10	cash	cash	NOUN
fsr-3267	207	11	flows	flow	NOUN
fsr-3267	207	12	and	and	CCONJ
fsr-3267	207	13	after	after	ADP
fsr-3267	207	14	-	-	PUNCT
fsr-3267	207	15	tax	tax	NOUN
fsr-3267	207	16	discount	discount	NOUN
fsr-3267	207	17	rates	rate	NOUN
fsr-3267	207	18	,	,	PUNCT
fsr-3267	207	19	all	all	DET
fsr-3267	207	20	rates	rate	NOUN
fsr-3267	207	21	in	in	ADP
fsr-3267	207	22	the	the	DET
fsr-3267	207	23	tables	table	NOUN
fsr-3267	207	24	are	be	AUX
fsr-3267	207	25	reported	report	VERB
fsr-3267	207	26	on	on	ADP
fsr-3267	207	27	a	a	DET
fsr-3267	207	28	pretax	pretax	ADJ
fsr-3267	207	29	basis	basis	NOUN
fsr-3267	207	30	to	to	PART
fsr-3267	207	31	facilitate	facilitate	VERB
fsr-3267	207	32	comparisons	comparison	NOUN
fsr-3267	207	33	,	,	PUNCT
fsr-3267	207	34	with	with	ADP
fsr-3267	207	35	the	the	DET
fsr-3267	207	36	pretax	pretax	ADJ
fsr-3267	207	37	rate	rate	NOUN
fsr-3267	207	38	�	�	PROPN
fsr-3267	207	39	after	after	ADP
fsr-3267	207	40	-	-	PUNCT
fsr-3267	207	41	tax	tax	NOUN
fsr-3267	207	42	rate/(1	rate/(1	ADJ
fsr-3267	207	43	-	-	PUNCT
fsr-3267	207	44	tax	tax	NOUN
fsr-3267	207	45	rate	rate	NOUN
fsr-3267	207	46	)	)	PUNCT
fsr-3267	207	47	.	.	PUNCT
fsr-3267	208	1	because	because	SCONJ
fsr-3267	208	2	interest	interest	NOUN
fsr-3267	208	3	constitutes	constitute	VERB
fsr-3267	208	4	a	a	DET
fsr-3267	208	5	greater	great	ADJ
fsr-3267	208	6	proportion	proportion	NOUN
fsr-3267	208	7	of	of	ADP
fsr-3267	208	8	the	the	DET
fsr-3267	208	9	payments	payment	NOUN
fsr-3267	208	10	for	for	ADP
fsr-3267	208	11	the	the	DET
fsr-3267	208	12	30	30	NUM
fsr-3267	208	13	-	-	PUNCT
fsr-3267	208	14	year	year	NOUN
fsr-3267	208	15	mortgage	mortgage	NOUN
fsr-3267	208	16	than	than	ADP
fsr-3267	208	17	for	for	ADP
fsr-3267	208	18	the	the	DET
fsr-3267	208	19	15	15	NUM
fsr-3267	208	20	-	-	PUNCT
fsr-3267	208	21	year	year	NOUN
fsr-3267	208	22	,	,	PUNCT
fsr-3267	208	23	the	the	DET
fsr-3267	208	24	30	30	NUM
fsr-3267	208	25	-	-	PUNCT
fsr-3267	208	26	year	year	NOUN
fsr-3267	208	27	has	have	VERB
fsr-3267	208	28	a	a	DET
fsr-3267	208	29	comparative	comparative	ADJ
fsr-3267	208	30	advantage	advantage	NOUN
fsr-3267	208	31	in	in	ADP
fsr-3267	208	32	this	this	DET
fsr-3267	208	33	regard	regard	NOUN
fsr-3267	208	34	when	when	SCONJ
fsr-3267	208	35	taxes	taxis	NOUN
fsr-3267	208	36	are	be	AUX
fsr-3267	208	37	considered	consider	VERB
fsr-3267	208	38	.	.	PUNCT
fsr-3267	209	1	however	however	ADV
fsr-3267	209	2	,	,	PUNCT
fsr-3267	209	3	it	it	PRON
fsr-3267	209	4	is	be	AUX
fsr-3267	209	5	also	also	ADV
fsr-3267	209	6	true	true	ADJ
fsr-3267	209	7	that	that	SCONJ
fsr-3267	209	8	more	more	ADJ
fsr-3267	209	9	interest	interest	NOUN
fsr-3267	209	10	is	be	AUX
fsr-3267	209	11	paid	pay	VERB
fsr-3267	209	12	,	,	PUNCT
fsr-3267	209	13	even	even	ADV
fsr-3267	209	14	on	on	ADP
fsr-3267	209	15	an	an	DET
fsr-3267	209	16	after	after	ADP
fsr-3267	209	17	-	-	PUNCT
fsr-3267	209	18	tax	tax	NOUN
fsr-3267	209	19	basis	basis	NOUN
fsr-3267	209	20	.	.	PUNCT
fsr-3267	210	1	the	the	DET
fsr-3267	210	2	97j	97j	NOUN
fsr-3267	210	3	.	.	PUNCT
fsr-3267	210	4	musumeci	musumeci	PROPN
fsr-3267	210	5	/	/	SYM
fsr-3267	210	6	financial	financial	ADJ
fsr-3267	210	7	services	service	NOUN
fsr-3267	210	8	review	review	VERB
fsr-3267	210	9	25	25	NUM
fsr-3267	210	10	(	(	PUNCT
fsr-3267	210	11	2016	2016	NUM
fsr-3267	210	12	)	)	PUNCT
fsr-3267	211	1	87–104	87–104	PROPN
fsr-3267	211	2	values	value	NOUN
fsr-3267	211	3	in	in	ADP
fsr-3267	211	4	table	table	NOUN
fsr-3267	211	5	3	3	NUM
fsr-3267	211	6	are	be	AUX
fsr-3267	211	7	less	less	ADJ
fsr-3267	211	8	than	than	ADP
fsr-3267	211	9	their	their	PRON
fsr-3267	211	10	analogs	analog	NOUN
fsr-3267	211	11	from	from	ADP
fsr-3267	211	12	table	table	NOUN
fsr-3267	211	13	2	2	NUM
fsr-3267	211	14	,	,	PUNCT
fsr-3267	211	15	but	but	CCONJ
fsr-3267	211	16	the	the	DET
fsr-3267	211	17	difference	difference	NOUN
fsr-3267	211	18	is	be	AUX
fsr-3267	211	19	not	not	PART
fsr-3267	211	20	large	large	ADJ
fsr-3267	211	21	.	.	PUNCT
fsr-3267	212	1	for	for	ADP
fsr-3267	212	2	example	example	NOUN
fsr-3267	212	3	,	,	PUNCT
fsr-3267	212	4	in	in	ADP
fsr-3267	212	5	table	table	NOUN
fsr-3267	212	6	2	2	NUM
fsr-3267	212	7	,	,	PUNCT
fsr-3267	212	8	the	the	DET
fsr-3267	212	9	irr	irr	NOUN
fsr-3267	212	10	of	of	ADP
fsr-3267	212	11	the	the	DET
fsr-3267	212	12	marginal	marginal	ADJ
fsr-3267	212	13	cash	cash	NOUN
fsr-3267	212	14	flows	flow	NOUN
fsr-3267	212	15	of	of	ADP
fsr-3267	212	16	a	a	DET
fsr-3267	212	17	mortgagor	mortgagor	NOUN
fsr-3267	212	18	who	who	PRON
fsr-3267	212	19	used	use	VERB
fsr-3267	212	20	a	a	DET
fsr-3267	212	21	15	15	NUM
fsr-3267	212	22	-	-	PUNCT
fsr-3267	212	23	year	year	NOUN
fsr-3267	212	24	mortgage	mortgage	NOUN
fsr-3267	212	25	,	,	PUNCT
fsr-3267	212	26	but	but	CCONJ
fsr-3267	212	27	kept	keep	VERB
fsr-3267	212	28	the	the	DET
fsr-3267	212	29	house	house	NOUN
fsr-3267	212	30	for	for	ADP
fsr-3267	212	31	30	30	NUM
fsr-3267	212	32	years	year	NOUN
fsr-3267	212	33	,	,	PUNCT
fsr-3267	212	34	was	be	AUX
fsr-3267	212	35	5.56	5.56	NUM
fsr-3267	212	36	%	%	NOUN
fsr-3267	212	37	,	,	PUNCT
fsr-3267	212	38	but	but	CCONJ
fsr-3267	212	39	the	the	DET
fsr-3267	212	40	corresponding	correspond	VERB
fsr-3267	212	41	entry	entry	NOUN
fsr-3267	212	42	in	in	ADP
fsr-3267	212	43	table	table	NOUN
fsr-3267	212	44	3	3	NUM
fsr-3267	212	45	falls	fall	VERB
fsr-3267	212	46	to	to	ADP
fsr-3267	212	47	only	only	ADV
fsr-3267	212	48	5.38	5.38	NUM
fsr-3267	212	49	%	%	NOUN
fsr-3267	212	50	.	.	PUNCT
fsr-3267	213	1	one	one	NUM
fsr-3267	213	2	reason	reason	NOUN
fsr-3267	213	3	the	the	DET
fsr-3267	213	4	drop	drop	NOUN
fsr-3267	213	5	between	between	ADP
fsr-3267	213	6	after	after	ADP
fsr-3267	213	7	-	-	PUNCT
fsr-3267	213	8	tax	tax	NOUN
fsr-3267	213	9	returns	return	NOUN
fsr-3267	213	10	is	be	AUX
fsr-3267	213	11	so	so	ADV
fsr-3267	213	12	small	small	ADJ
fsr-3267	213	13	(	(	PUNCT
fsr-3267	213	14	compared	compare	VERB
fsr-3267	213	15	with	with	ADP
fsr-3267	213	16	the	the	DET
fsr-3267	213	17	large	large	ADJ
fsr-3267	213	18	difference	difference	NOUN
fsr-3267	213	19	in	in	ADP
fsr-3267	213	20	fortin	fortin	PROPN
fsr-3267	213	21	et	et	PROPN
fsr-3267	213	22	al	al	PROPN
fsr-3267	213	23	.	.	PROPN
fsr-3267	213	24	)	)	PUNCT
fsr-3267	213	25	is	be	AUX
fsr-3267	213	26	that	that	SCONJ
fsr-3267	213	27	the	the	DET
fsr-3267	213	28	main	main	ADJ
fsr-3267	213	29	benefit	benefit	NOUN
fsr-3267	213	30	of	of	ADP
fsr-3267	213	31	the	the	DET
fsr-3267	213	32	15	15	NUM
fsr-3267	213	33	-	-	PUNCT
fsr-3267	213	34	year	year	NOUN
fsr-3267	213	35	mortgage	mortgage	NOUN
fsr-3267	213	36	is	be	AUX
fsr-3267	213	37	that	that	SCONJ
fsr-3267	213	38	the	the	DET
fsr-3267	213	39	principal	principal	NOUN
fsr-3267	213	40	is	be	AUX
fsr-3267	213	41	paid	pay	VERB
fsr-3267	213	42	down	down	ADP
fsr-3267	213	43	faster	fast	ADV
fsr-3267	213	44	,	,	PUNCT
fsr-3267	213	45	and	and	CCONJ
fsr-3267	213	46	this	this	PRON
fsr-3267	213	47	is	be	AUX
fsr-3267	213	48	not	not	PART
fsr-3267	213	49	subject	subject	ADJ
fsr-3267	213	50	to	to	ADP
fsr-3267	213	51	taxes	taxis	NOUN
fsr-3267	213	52	.	.	PUNCT
fsr-3267	214	1	it	it	PRON
fsr-3267	214	2	is	be	AUX
fsr-3267	214	3	appropriate	appropriate	ADJ
fsr-3267	214	4	to	to	PART
fsr-3267	214	5	compare	compare	VERB
fsr-3267	214	6	the	the	DET
fsr-3267	214	7	riskless	riskless	NOUN
fsr-3267	214	8	returns	return	NOUN
fsr-3267	214	9	we	we	PRON
fsr-3267	214	10	have	have	AUX
fsr-3267	214	11	found	find	VERB
fsr-3267	214	12	so	so	ADV
fsr-3267	214	13	far	far	ADV
fsr-3267	214	14	with	with	ADP
fsr-3267	214	15	contemporary	contemporary	ADJ
fsr-3267	214	16	riskless	riskless	NOUN
fsr-3267	214	17	returns	return	NOUN
fsr-3267	214	18	of	of	ADP
fsr-3267	214	19	the	the	DET
fsr-3267	214	20	same	same	ADJ
fsr-3267	214	21	type	type	NOUN
fsr-3267	214	22	(	(	PUNCT
fsr-3267	214	23	taxable	taxable	ADJ
fsr-3267	214	24	or	or	CCONJ
fsr-3267	214	25	tax	tax	NOUN
fsr-3267	214	26	-	-	PUNCT
fsr-3267	214	27	exempt	exempt	ADJ
fsr-3267	214	28	)	)	PUNCT
fsr-3267	214	29	.	.	PUNCT
fsr-3267	215	1	by	by	ADP
fsr-3267	215	2	analogy	analogy	NOUN
fsr-3267	215	3	,	,	PUNCT
fsr-3267	215	4	whether	whether	SCONJ
fsr-3267	215	5	a	a	DET
fsr-3267	215	6	starting	start	VERB
fsr-3267	215	7	salary	salary	NOUN
fsr-3267	215	8	of	of	ADP
fsr-3267	215	9	$	$	SYM
fsr-3267	215	10	50,000	50,000	NUM
fsr-3267	215	11	/	/	SYM
fsr-3267	215	12	year	year	NOUN
fsr-3267	215	13	for	for	ADP
fsr-3267	215	14	an	an	DET
fsr-3267	215	15	entry	entry	NOUN
fsr-3267	215	16	-	-	PUNCT
fsr-3267	215	17	level	level	NOUN
fsr-3267	215	18	engineering	engineering	NOUN
fsr-3267	215	19	position	position	NOUN
fsr-3267	215	20	is	be	AUX
fsr-3267	215	21	better	well	ADJ
fsr-3267	215	22	than	than	ADP
fsr-3267	215	23	average	average	ADJ
fsr-3267	215	24	depends	depend	VERB
fsr-3267	215	25	table	table	NOUN
fsr-3267	215	26	3	3	NUM
fsr-3267	215	27	after	after	ADP
fsr-3267	215	28	-	-	PUNCT
fsr-3267	215	29	tax	tax	NOUN
fsr-3267	215	30	benefits	benefit	NOUN
fsr-3267	215	31	from	from	ADP
fsr-3267	215	32	the	the	DET
fsr-3267	215	33	marginal	marginal	ADJ
fsr-3267	215	34	investment	investment	NOUN
fsr-3267	215	35	of	of	ADP
fsr-3267	215	36	a	a	DET
fsr-3267	215	37	15	15	NUM
fsr-3267	215	38	-	-	PUNCT
fsr-3267	215	39	year	year	NOUN
fsr-3267	215	40	mortgage	mortgage	NOUN
fsr-3267	215	41	’s	’s	PART
fsr-3267	215	42	larger	large	ADJ
fsr-3267	215	43	payments	payment	NOUN
fsr-3267	215	44	house	house	NOUN
fsr-3267	215	45	sold	sell	VERB
fsr-3267	215	46	at	at	ADP
fsr-3267	215	47	month	month	NOUN
fsr-3267	215	48	npv	npv	NOUN
fsr-3267	215	49	at	at	ADP
fsr-3267	215	50	15	15	NUM
fsr-3267	215	51	-	-	PUNCT
fsr-3267	215	52	year	year	NOUN
fsr-3267	215	53	after	after	ADP
fsr-3267	215	54	-	-	PUNCT
fsr-3267	215	55	tax	tax	NOUN
fsr-3267	215	56	rate	rate	NOUN
fsr-3267	215	57	annual	annual	ADJ
fsr-3267	215	58	change	change	NOUN
fsr-3267	215	59	in	in	ADP
fsr-3267	215	60	npv	npv	NOUN
fsr-3267	215	61	equivalent	equivalent	ADJ
fsr-3267	215	62	monthly	monthly	ADJ
fsr-3267	215	63	annuity	annuity	NOUN
fsr-3267	215	64	irr	irr	NOUN
fsr-3267	215	65	(	(	PUNCT
fsr-3267	215	66	apr	apr	PROPN
fsr-3267	215	67	)	)	PUNCT
fsr-3267	215	68	irr	irr	NOUN
fsr-3267	215	69	(	(	PUNCT
fsr-3267	215	70	ear	ear	X
fsr-3267	215	71	)	)	PUNCT
fsr-3267	215	72	360	360	NUM
fsr-3267	215	73	$	$	SYM
fsr-3267	215	74	35,427.62	35,427.62	NUM
fsr-3267	215	75	$	$	SYM
fsr-3267	215	76	38.89	38.89	NUM
fsr-3267	215	77	$	$	SYM
fsr-3267	215	78	140.21	140.21	NUM
fsr-3267	215	79	5.38	5.38	NUM
fsr-3267	215	80	%	%	NOUN
fsr-3267	215	81	5.52	5.52	NUM
fsr-3267	215	82	%	%	NOUN
fsr-3267	215	83	348	348	NUM
fsr-3267	215	84	$	$	SYM
fsr-3267	215	85	35,388.73	35,388.73	NUM
fsr-3267	215	86	$	$	SYM
fsr-3267	215	87	110.97	110.97	NUM
fsr-3267	215	88	$	$	SYM
fsr-3267	215	89	143.30	143.30	NUM
fsr-3267	215	90	5.38	5.38	NUM
fsr-3267	215	91	%	%	NOUN
fsr-3267	215	92	5.52	5.52	NUM
fsr-3267	215	93	%	%	NOUN
fsr-3267	215	94	336	336	NUM
fsr-3267	215	95	$	$	SYM
fsr-3267	215	96	35,277.76	35,277.76	NUM
fsr-3267	215	97	$	$	SYM
fsr-3267	215	98	183.49	183.49	NUM
fsr-3267	215	99	$	$	SYM
fsr-3267	215	100	146.33	146.33	NUM
fsr-3267	215	101	5.39	5.39	NUM
fsr-3267	215	102	%	%	NOUN
fsr-3267	215	103	5.52	5.52	NUM
fsr-3267	215	104	%	%	NOUN
fsr-3267	215	105	324	324	NUM
fsr-3267	215	106	$	$	SYM
fsr-3267	215	107	35,094.27	35,094.27	NUM
fsr-3267	215	108	$	$	SYM
fsr-3267	215	109	256.48	256.48	NUM
fsr-3267	215	110	$	$	SYM
fsr-3267	215	111	149.29	149.29	NUM
fsr-3267	215	112	5.40	5.40	NUM
fsr-3267	215	113	%	%	NOUN
fsr-3267	215	114	5.53	5.53	NUM
fsr-3267	215	115	%	%	NOUN
fsr-3267	215	116	312	312	NUM
fsr-3267	215	117	$	$	SYM
fsr-3267	215	118	34,837.79	34,837.79	NUM
fsr-3267	215	119	$	$	SYM
fsr-3267	215	120	329.99	329.99	NUM
fsr-3267	215	121	$	$	SYM
fsr-3267	215	122	152.19	152.19	NUM
fsr-3267	215	123	5.41	5.41	NUM
fsr-3267	215	124	%	%	NOUN
fsr-3267	215	125	5.55	5.55	NUM
fsr-3267	215	126	%	%	NOUN
fsr-3267	215	127	300	300	NUM
fsr-3267	215	128	$	$	SYM
fsr-3267	215	129	34,507.79	34,507.79	NUM
fsr-3267	215	130	$	$	SYM
fsr-3267	215	131	404.05	404.05	NUM
fsr-3267	215	132	$	$	SYM
fsr-3267	215	133	155.03	155.03	NUM
fsr-3267	215	134	5.43	5.43	NUM
fsr-3267	215	135	%	%	NOUN
fsr-3267	215	136	5.56	5.56	NUM
fsr-3267	215	137	%	%	NOUN
fsr-3267	215	138	288	288	NUM
fsr-3267	215	139	$	$	SYM
fsr-3267	215	140	34,103.74	34,103.74	NUM
fsr-3267	215	141	$	$	SYM
fsr-3267	215	142	478.71	478.71	NUM
fsr-3267	215	143	$	$	SYM
fsr-3267	215	144	157.80	157.80	NUM
fsr-3267	215	145	5.45	5.45	NUM
fsr-3267	215	146	%	%	NOUN
fsr-3267	215	147	5.59	5.59	NUM
fsr-3267	215	148	%	%	NOUN
fsr-3267	215	149	276	276	NUM
fsr-3267	215	150	$	$	SYM
fsr-3267	215	151	33,625.03	33,625.03	NUM
fsr-3267	215	152	$	$	SYM
fsr-3267	215	153	554.00	554.00	NUM
fsr-3267	215	154	$	$	SYM
fsr-3267	215	155	160.53	160.53	NUM
fsr-3267	215	156	5.48	5.48	NUM
fsr-3267	215	157	%	%	NOUN
fsr-3267	215	158	5.62	5.62	NUM
fsr-3267	215	159	%	%	NOUN
fsr-3267	215	160	264	264	NUM
fsr-3267	215	161	$	$	SYM
fsr-3267	215	162	33,071.03	33,071.03	NUM
fsr-3267	215	163	$	$	SYM
fsr-3267	215	164	629.97	629.97	NUM
fsr-3267	215	165	$	$	SYM
fsr-3267	215	166	163.19	163.19	NUM
fsr-3267	215	167	5.51	5.51	NUM
fsr-3267	215	168	%	%	NOUN
fsr-3267	215	169	5.65	5.65	NUM
fsr-3267	215	170	%	%	NOUN
fsr-3267	215	171	252	252	NUM
fsr-3267	215	172	$	$	SYM
fsr-3267	215	173	32,441.06	32,441.06	NOUN
fsr-3267	215	174	$	$	SYM
fsr-3267	215	175	706.65	706.65	NUM
fsr-3267	215	176	$	$	SYM
fsr-3267	215	177	165.80	165.80	NUM
fsr-3267	215	178	5.56	5.56	NUM
fsr-3267	215	179	%	%	NOUN
fsr-3267	215	180	5.70	5.70	NUM
fsr-3267	215	181	%	%	NOUN
fsr-3267	215	182	240	240	NUM
fsr-3267	215	183	$	$	SYM
fsr-3267	215	184	31,734.42	31,734.42	NUM
fsr-3267	215	185	$	$	SYM
fsr-3267	215	186	784.09	784.09	NUM
fsr-3267	215	187	$	$	SYM
fsr-3267	215	188	168.35	168.35	NUM
fsr-3267	215	189	5.61	5.61	NUM
fsr-3267	215	190	%	%	NOUN
fsr-3267	215	191	5.75	5.75	NUM
fsr-3267	215	192	%	%	NOUN
fsr-3267	215	193	228	228	NUM
fsr-3267	215	194	$	$	SYM
fsr-3267	215	195	30,950.33	30,950.33	NUM
fsr-3267	215	196	$	$	SYM
fsr-3267	215	197	862.33	862.33	NUM
fsr-3267	215	198	$	$	SYM
fsr-3267	215	199	170.86	170.86	NUM
fsr-3267	215	200	5.67	5.67	NUM
fsr-3267	215	201	%	%	NOUN
fsr-3267	215	202	5.82	5.82	NUM
fsr-3267	215	203	%	%	NOUN
fsr-3267	215	204	216	216	NUM
fsr-3267	215	205	$	$	SYM
fsr-3267	215	206	30,088.00	30,088.00	NUM
fsr-3267	215	207	$	$	SYM
fsr-3267	215	208	941.41	941.41	NUM
fsr-3267	215	209	$	$	SYM
fsr-3267	215	210	173.30	173.30	NUM
fsr-3267	215	211	5.76	5.76	NUM
fsr-3267	215	212	%	%	NOUN
fsr-3267	215	213	5.91	5.91	NUM
fsr-3267	215	214	%	%	NOUN
fsr-3267	215	215	204	204	NUM
fsr-3267	215	216	$	$	SYM
fsr-3267	215	217	29,146.59	29,146.59	NUM
fsr-3267	215	218	$	$	SYM
fsr-3267	215	219	1,021.39	1,021.39	NUM
fsr-3267	215	220	$	$	SYM
fsr-3267	215	221	175.70	175.70	NUM
fsr-3267	215	222	5.86	5.86	NUM
fsr-3267	215	223	%	%	NOUN
fsr-3267	215	224	6.02	6.02	NUM
fsr-3267	215	225	%	%	NOUN
fsr-3267	215	226	192	192	NUM
fsr-3267	215	227	$	$	SYM
fsr-3267	215	228	28,125.20	28,125.20	NUM
fsr-3267	215	229	$	$	SYM
fsr-3267	215	230	1,102.29	1,102.29	NUM
fsr-3267	215	231	$	$	SYM
fsr-3267	215	232	178.05	178.05	NUM
fsr-3267	215	233	6.00	6.00	NUM
fsr-3267	215	234	%	%	NOUN
fsr-3267	215	235	6.17	6.17	NUM
fsr-3267	215	236	%	%	NOUN
fsr-3267	215	237	180	180	NUM
fsr-3267	215	238	$	$	SYM
fsr-3267	215	239	27,022.91	27,022.91	NUM
fsr-3267	215	240	$	$	SYM
fsr-3267	215	241	1,184.18	1,184.18	NUM
fsr-3267	215	242	$	$	SYM
fsr-3267	215	243	180.34	180.34	NUM
fsr-3267	215	244	6.18	6.18	NUM
fsr-3267	215	245	%	%	NOUN
fsr-3267	215	246	6.36	6.36	NUM
fsr-3267	215	247	%	%	NOUN
fsr-3267	215	248	168	168	NUM
fsr-3267	215	249	$	$	SYM
fsr-3267	215	250	25,838.73	25,838.73	NUM
fsr-3267	215	251	$	$	SYM
fsr-3267	215	252	1,267.09	1,267.09	NUM
fsr-3267	215	253	$	$	SYM
fsr-3267	215	254	182.59	182.59	NUM
fsr-3267	215	255	6.40	6.40	NUM
fsr-3267	215	256	%	%	NOUN
fsr-3267	215	257	6.60	6.60	NUM
fsr-3267	215	258	%	%	NOUN
fsr-3267	215	259	156	156	NUM
fsr-3267	215	260	$	$	SYM
fsr-3267	215	261	24,571.64	24,571.64	NUM
fsr-3267	215	262	$	$	SYM
fsr-3267	215	263	1,351.07	1,351.07	NUM
fsr-3267	215	264	$	$	SYM
fsr-3267	215	265	184.80	184.80	NUM
fsr-3267	215	266	6.67	6.67	NUM
fsr-3267	215	267	%	%	NOUN
fsr-3267	215	268	6.87	6.87	NUM
fsr-3267	215	269	%	%	NOUN
fsr-3267	215	270	144	144	NUM
fsr-3267	215	271	$	$	SYM
fsr-3267	215	272	23,220.57	23,220.57	NUM
fsr-3267	215	273	$	$	SYM
fsr-3267	215	274	1,436.17	1,436.17	NUM
fsr-3267	215	275	$	$	SYM
fsr-3267	215	276	186.95	186.95	NUM
fsr-3267	215	277	6.97	6.97	NUM
fsr-3267	215	278	%	%	NOUN
fsr-3267	215	279	7.20	7.20	NUM
fsr-3267	215	280	%	%	NOUN
fsr-3267	215	281	132	132	NUM
fsr-3267	215	282	$	$	SYM
fsr-3267	215	283	21,784.41	21,784.41	NUM
fsr-3267	215	284	$	$	SYM
fsr-3267	215	285	1,522.43	1,522.43	NUM
fsr-3267	215	286	$	$	SYM
fsr-3267	215	287	189.06	189.06	NUM
fsr-3267	215	288	7.33	7.33	NUM
fsr-3267	215	289	%	%	NOUN
fsr-3267	215	290	7.58	7.58	NUM
fsr-3267	215	291	%	%	NOUN
fsr-3267	215	292	120	120	NUM
fsr-3267	215	293	$	$	SYM
fsr-3267	215	294	20,261.98	20,261.98	NUM
fsr-3267	215	295	$	$	SYM
fsr-3267	215	296	1,609.91	1,609.91	NUM
fsr-3267	215	297	$	$	SYM
fsr-3267	215	298	191.12	191.12	NUM
fsr-3267	215	299	7.76	7.76	NUM
fsr-3267	215	300	%	%	NOUN
fsr-3267	215	301	8.04	8.04	NUM
fsr-3267	215	302	%	%	NOUN
fsr-3267	215	303	108	108	NUM
fsr-3267	215	304	$	$	SYM
fsr-3267	215	305	18,652.06	18,652.06	NUM
fsr-3267	215	306	$	$	SYM
fsr-3267	215	307	1,698.66	1,698.66	NUM
fsr-3267	215	308	$	$	SYM
fsr-3267	215	309	193.15	193.15	NUM
fsr-3267	215	310	8.29	8.29	NUM
fsr-3267	215	311	%	%	NOUN
fsr-3267	215	312	8.61	8.61	NUM
fsr-3267	215	313	%	%	NOUN
fsr-3267	215	314	96	96	NUM
fsr-3267	215	315	$	$	SYM
fsr-3267	215	316	16,953.40	16,953.40	NUM
fsr-3267	215	317	$	$	SYM
fsr-3267	215	318	1,788.73	1,788.73	NUM
fsr-3267	215	319	$	$	SYM
fsr-3267	215	320	195.12	195.12	NUM
fsr-3267	215	321	8.95	8.95	NUM
fsr-3267	215	322	%	%	NOUN
fsr-3267	215	323	9.33	9.33	NUM
fsr-3267	215	324	%	%	NOUN
fsr-3267	215	325	84	84	NUM
fsr-3267	215	326	$	$	SYM
fsr-3267	215	327	15,164.68	15,164.68	NUM
fsr-3267	215	328	$	$	SYM
fsr-3267	215	329	1,880.16	1,880.16	NUM
fsr-3267	215	330	$	$	SYM
fsr-3267	215	331	197.06	197.06	NUM
fsr-3267	215	332	9.81	9.81	NUM
fsr-3267	215	333	%	%	NOUN
fsr-3267	215	334	10.26	10.26	NUM
fsr-3267	215	335	%	%	NOUN
fsr-3267	215	336	72	72	NUM
fsr-3267	215	337	$	$	SYM
fsr-3267	215	338	13,284.52	13,284.52	NUM
fsr-3267	215	339	$	$	SYM
fsr-3267	215	340	1,973.02	1,973.02	NUM
fsr-3267	215	341	$	$	SYM
fsr-3267	215	342	198.96	198.96	NUM
fsr-3267	215	343	10.95	10.95	NUM
fsr-3267	215	344	%	%	NOUN
fsr-3267	215	345	11.52	11.52	NUM
fsr-3267	215	346	%	%	NOUN
fsr-3267	215	347	60	60	NUM
fsr-3267	215	348	$	$	SYM
fsr-3267	215	349	11,311.50	11,311.50	NUM
fsr-3267	215	350	$	$	SYM
fsr-3267	215	351	2,067.35	2,067.35	NUM
fsr-3267	215	352	$	$	SYM
fsr-3267	215	353	200.81	200.81	NUM
fsr-3267	215	354	12.56	12.56	NUM
fsr-3267	215	355	%	%	NOUN
fsr-3267	215	356	13.31	13.31	NUM
fsr-3267	215	357	%	%	NOUN
fsr-3267	215	358	48	48	NUM
fsr-3267	215	359	$	$	SYM
fsr-3267	215	360	9,244.16	9,244.16	NUM
fsr-3267	215	361	$	$	SYM
fsr-3267	215	362	2,163.21	2,163.21	NUM
fsr-3267	215	363	$	$	SYM
fsr-3267	215	364	202.63	202.63	NUM
fsr-3267	215	365	14.99	14.99	NUM
fsr-3267	215	366	%	%	NOUN
fsr-3267	215	367	16.07	16.07	NUM
fsr-3267	215	368	%	%	NOUN
fsr-3267	215	369	36	36	NUM
fsr-3267	215	370	$	$	SYM
fsr-3267	215	371	7,080.95	7,080.95	NUM
fsr-3267	215	372	$	$	SYM
fsr-3267	215	373	2,260.66	2,260.66	NUM
fsr-3267	215	374	$	$	SYM
fsr-3267	215	375	204.40	204.40	NUM
fsr-3267	215	376	19.10	19.10	NUM
fsr-3267	215	377	%	%	NOUN
fsr-3267	215	378	20.86	20.86	NUM
fsr-3267	215	379	%	%	NOUN
fsr-3267	215	380	24	24	NUM
fsr-3267	215	381	$	$	SYM
fsr-3267	215	382	4,820.29	4,820.29	NUM
fsr-3267	215	383	$	$	SYM
fsr-3267	215	384	2,359.75	2,359.75	NUM
fsr-3267	215	385	$	$	SYM
fsr-3267	215	386	206.14	206.14	NUM
fsr-3267	215	387	27.51	27.51	NUM
fsr-3267	215	388	%	%	NOUN
fsr-3267	215	389	31.26	31.26	NUM
fsr-3267	215	390	%	%	NOUN
fsr-3267	215	391	12	12	NUM
fsr-3267	215	392	$	$	SYM
fsr-3267	215	393	2,460.54	2,460.54	NUM
fsr-3267	215	394	$	$	SYM
fsr-3267	215	395	2,460.54	2,460.54	NUM
fsr-3267	215	396	$	$	SYM
fsr-3267	215	397	207.85	207.85	NUM
fsr-3267	215	398	54.44	54.44	NUM
fsr-3267	215	399	%	%	NOUN
fsr-3267	215	400	70.31	70.31	NUM
fsr-3267	215	401	%	%	NOUN
fsr-3267	215	402	note	note	NOUN
fsr-3267	215	403	.	.	PUNCT
fsr-3267	216	1	this	this	DET
fsr-3267	216	2	table	table	NOUN
fsr-3267	216	3	shows	show	VERB
fsr-3267	216	4	the	the	DET
fsr-3267	216	5	financial	financial	ADJ
fsr-3267	216	6	advantage	advantage	NOUN
fsr-3267	216	7	of	of	ADP
fsr-3267	216	8	after	after	ADP
fsr-3267	216	9	-	-	PUNCT
fsr-3267	216	10	tax	tax	NOUN
fsr-3267	216	11	cash	cash	NOUN
fsr-3267	216	12	flows	flow	NOUN
fsr-3267	216	13	of	of	ADP
fsr-3267	216	14	a	a	DET
fsr-3267	216	15	15	15	NUM
fsr-3267	216	16	-	-	PUNCT
fsr-3267	216	17	year	year	NOUN
fsr-3267	216	18	,	,	PUNCT
fsr-3267	216	19	$	$	SYM
fsr-3267	216	20	500,000	500,000	NUM
fsr-3267	216	21	mortgage	mortgage	NOUN
fsr-3267	216	22	at	at	ADP
fsr-3267	216	23	an	an	DET
fsr-3267	216	24	apr	apr	NOUN
fsr-3267	216	25	of	of	ADP
fsr-3267	216	26	3.75	3.75	NUM
fsr-3267	216	27	%	%	NOUN
fsr-3267	216	28	when	when	SCONJ
fsr-3267	216	29	compared	compare	VERB
fsr-3267	216	30	with	with	ADP
fsr-3267	216	31	those	those	PRON
fsr-3267	216	32	of	of	ADP
fsr-3267	216	33	a	a	DET
fsr-3267	216	34	30	30	NUM
fsr-3267	216	35	-	-	PUNCT
fsr-3267	216	36	year	year	NOUN
fsr-3267	216	37	mortgage	mortgage	NOUN
fsr-3267	216	38	with	with	ADP
fsr-3267	216	39	a	a	DET
fsr-3267	216	40	4.5	4.5	NUM
fsr-3267	216	41	%	%	NOUN
fsr-3267	216	42	apr	apr	NOUN
fsr-3267	216	43	,	,	PUNCT
fsr-3267	216	44	assuming	assume	VERB
fsr-3267	216	45	a	a	DET
fsr-3267	216	46	33	33	NUM
fsr-3267	216	47	%	%	NOUN
fsr-3267	216	48	tax	tax	NOUN
fsr-3267	216	49	rate	rate	NOUN
fsr-3267	216	50	for	for	ADP
fsr-3267	216	51	the	the	DET
fsr-3267	216	52	mortgagor	mortgagor	NOUN
fsr-3267	216	53	.	.	PUNCT
fsr-3267	217	1	npv	npv	NOUN
fsr-3267	217	2	is	be	AUX
fsr-3267	217	3	calculated	calculate	VERB
fsr-3267	217	4	using	use	VERB
fsr-3267	217	5	the	the	DET
fsr-3267	217	6	after	after	ADP
fsr-3267	217	7	-	-	PUNCT
fsr-3267	217	8	tax	tax	NOUN
fsr-3267	217	9	15	15	NUM
fsr-3267	217	10	-	-	PUNCT
fsr-3267	217	11	year	year	NOUN
fsr-3267	217	12	rate	rate	NOUN
fsr-3267	217	13	[	[	X
fsr-3267	217	14	�	�	PROPN
fsr-3267	217	15	(	(	PUNCT
fsr-3267	217	16	pre	pre	ADJ
fsr-3267	217	17	-	-	NOUN
fsr-3267	217	18	tax	tax	NOUN
fsr-3267	217	19	rate)(1–.33	rate)(1–.33	NOUN
fsr-3267	217	20	)	)	PUNCT
fsr-3267	217	21	]	]	PUNCT
fsr-3267	217	22	.	.	PUNCT
fsr-3267	218	1	irrs	irrs	PROPN
fsr-3267	218	2	are	be	AUX
fsr-3267	218	3	calculated	calculate	VERB
fsr-3267	218	4	on	on	ADP
fsr-3267	218	5	an	an	DET
fsr-3267	218	6	after	after	ADP
fsr-3267	218	7	-	-	PUNCT
fsr-3267	218	8	tax	tax	NOUN
fsr-3267	218	9	basis	basis	NOUN
fsr-3267	218	10	,	,	PUNCT
fsr-3267	218	11	but	but	CCONJ
fsr-3267	218	12	expressed	express	VERB
fsr-3267	218	13	here	here	ADV
fsr-3267	218	14	on	on	ADP
fsr-3267	218	15	a	a	DET
fsr-3267	218	16	pre	pre	ADJ
fsr-3267	218	17	-	-	ADJ
fsr-3267	218	18	tax	tax	ADJ
fsr-3267	218	19	basis	basis	NOUN
fsr-3267	218	20	,	,	PUNCT
fsr-3267	218	21	that	that	ADV
fsr-3267	218	22	is	is	ADV
fsr-3267	218	23	,	,	PUNCT
fsr-3267	218	24	as	as	ADP
fsr-3267	218	25	(	(	PUNCT
fsr-3267	218	26	after	after	ADP
fsr-3267	218	27	-	-	PUNCT
fsr-3267	218	28	tax	tax	NOUN
fsr-3267	218	29	irr)/(1	irr)/(1	NOUN
fsr-3267	218	30	-	-	PUNCT
fsr-3267	218	31	tax	tax	NOUN
fsr-3267	218	32	rate	rate	NOUN
fsr-3267	218	33	)	)	PUNCT
fsr-3267	218	34	.	.	PUNCT
fsr-3267	219	1	for	for	ADP
fsr-3267	219	2	example	example	NOUN
fsr-3267	219	3	,	,	PUNCT
fsr-3267	219	4	if	if	SCONJ
fsr-3267	219	5	the	the	DET
fsr-3267	219	6	15	15	NUM
fsr-3267	219	7	-	-	PUNCT
fsr-3267	219	8	year	year	NOUN
fsr-3267	219	9	mortgagor	mortgagor	NOUN
fsr-3267	219	10	lives	live	VERB
fsr-3267	219	11	in	in	ADP
fsr-3267	219	12	the	the	DET
fsr-3267	219	13	house	house	NOUN
fsr-3267	219	14	for	for	ADP
fsr-3267	219	15	84	84	NUM
fsr-3267	219	16	months	month	NOUN
fsr-3267	219	17	,	,	PUNCT
fsr-3267	219	18	and	and	CCONJ
fsr-3267	219	19	then	then	ADV
fsr-3267	219	20	sells	sell	VERB
fsr-3267	219	21	,	,	PUNCT
fsr-3267	219	22	he	he	PRON
fsr-3267	219	23	has	have	VERB
fsr-3267	219	24	a	a	DET
fsr-3267	219	25	$	$	SYM
fsr-3267	219	26	15,164.68	15,164.68	NUM
fsr-3267	219	27	npv	npv	NOUN
fsr-3267	219	28	and	and	CCONJ
fsr-3267	219	29	a	a	DET
fsr-3267	219	30	pre	pre	ADJ
fsr-3267	219	31	-	-	ADJ
fsr-3267	219	32	tax	tax	ADJ
fsr-3267	219	33	irr	irr	NOUN
fsr-3267	219	34	(	(	PUNCT
fsr-3267	219	35	expressed	express	VERB
fsr-3267	219	36	as	as	ADP
fsr-3267	219	37	an	an	DET
fsr-3267	219	38	apr	apr	NOUN
fsr-3267	219	39	)	)	PUNCT
fsr-3267	219	40	of	of	ADP
fsr-3267	219	41	9.81	9.81	NUM
fsr-3267	219	42	%	%	NOUN
fsr-3267	219	43	on	on	ADP
fsr-3267	219	44	his	his	PRON
fsr-3267	219	45	marginal	marginal	ADJ
fsr-3267	219	46	investment	investment	NOUN
fsr-3267	219	47	.	.	PUNCT
fsr-3267	220	1	npv	npv	NOUN
fsr-3267	220	2	increases	increase	NOUN
fsr-3267	220	3	as	as	SCONJ
fsr-3267	220	4	the	the	DET
fsr-3267	220	5	house	house	NOUN
fsr-3267	220	6	is	be	AUX
fsr-3267	220	7	kept	keep	VERB
fsr-3267	220	8	for	for	ADP
fsr-3267	220	9	a	a	DET
fsr-3267	220	10	longer	long	ADJ
fsr-3267	220	11	time	time	NOUN
fsr-3267	220	12	,	,	PUNCT
fsr-3267	220	13	but	but	CCONJ
fsr-3267	220	14	at	at	ADP
fsr-3267	220	15	a	a	DET
fsr-3267	220	16	decreasing	decrease	VERB
fsr-3267	220	17	rate	rate	NOUN
fsr-3267	220	18	(	(	PUNCT
fsr-3267	220	19	because	because	SCONJ
fsr-3267	220	20	the	the	DET
fsr-3267	220	21	principal	principal	NOUN
fsr-3267	220	22	is	be	AUX
fsr-3267	220	23	declining	decline	VERB
fsr-3267	220	24	)	)	PUNCT
fsr-3267	220	25	.	.	PUNCT
fsr-3267	221	1	irr	irr	PROPN
fsr-3267	221	2	�	�	PROPN
fsr-3267	221	3	internal	internal	ADJ
fsr-3267	221	4	rate	rate	NOUN
fsr-3267	221	5	of	of	ADP
fsr-3267	221	6	return	return	NOUN
fsr-3267	221	7	;	;	PUNCT
fsr-3267	221	8	npv	npv	PROPN
fsr-3267	221	9	�	�	PROPN
fsr-3267	221	10	net	net	ADJ
fsr-3267	221	11	present	present	ADJ
fsr-3267	221	12	value	value	NOUN
fsr-3267	221	13	;	;	PUNCT
fsr-3267	221	14	apr	apr	PROPN
fsr-3267	221	15	�	�	PROPN
fsr-3267	221	16	annual	annual	ADJ
fsr-3267	221	17	percentage	percentage	NOUN
fsr-3267	221	18	rate	rate	NOUN
fsr-3267	221	19	;	;	PUNCT
fsr-3267	221	20	ear	ear	PART
fsr-3267	221	21	�	�	PROPN
fsr-3267	221	22	effective	effective	ADJ
fsr-3267	221	23	annual	annual	ADJ
fsr-3267	221	24	return	return	NOUN
fsr-3267	221	25	.	.	PUNCT
fsr-3267	222	1	98	98	NUM
fsr-3267	222	2	j.	j.	PROPN
fsr-3267	222	3	musumeci	musumeci	PROPN
fsr-3267	222	4	/	/	SYM
fsr-3267	222	5	financial	financial	ADJ
fsr-3267	222	6	services	service	NOUN
fsr-3267	222	7	review	review	VERB
fsr-3267	222	8	25	25	NUM
fsr-3267	222	9	(	(	PUNCT
fsr-3267	222	10	2016	2016	NUM
fsr-3267	222	11	)	)	PUNCT
fsr-3267	222	12	87–104	87–104	PROPN
fsr-3267	222	13	on	on	ADP
fsr-3267	222	14	whether	whether	SCONJ
fsr-3267	222	15	we	we	PRON
fsr-3267	222	16	are	be	AUX
fsr-3267	222	17	talking	talk	VERB
fsr-3267	222	18	about	about	ADP
fsr-3267	222	19	a	a	DET
fsr-3267	222	20	position	position	NOUN
fsr-3267	222	21	in	in	ADP
fsr-3267	222	22	1975	1975	NUM
fsr-3267	222	23	,	,	PUNCT
fsr-3267	222	24	1995	1995	NUM
fsr-3267	222	25	,	,	PUNCT
fsr-3267	222	26	or	or	CCONJ
fsr-3267	222	27	2015	2015	NUM
fsr-3267	222	28	.	.	PUNCT
fsr-3267	223	1	in	in	ADP
fsr-3267	223	2	our	our	PRON
fsr-3267	223	3	case	case	NOUN
fsr-3267	223	4	,	,	PUNCT
fsr-3267	223	5	for	for	ADP
fsr-3267	223	6	purposes	purpose	NOUN
fsr-3267	223	7	of	of	ADP
fsr-3267	223	8	comparison	comparison	NOUN
fsr-3267	223	9	,	,	PUNCT
fsr-3267	223	10	bloomberg	bloomberg	PROPN
fsr-3267	223	11	reported	report	VERB
fsr-3267	223	12	the	the	DET
fsr-3267	223	13	30	30	NUM
fsr-3267	223	14	-	-	PUNCT
fsr-3267	223	15	yield	yield	NOUN
fsr-3267	223	16	municipal	municipal	ADJ
fsr-3267	223	17	bond	bond	NOUN
fsr-3267	223	18	yield	yield	NOUN
fsr-3267	223	19	to	to	PART
fsr-3267	223	20	be	be	AUX
fsr-3267	223	21	2.96	2.96	NUM
fsr-3267	223	22	%	%	NOUN
fsr-3267	223	23	,	,	PUNCT
fsr-3267	223	24	with	with	ADP
fsr-3267	223	25	a	a	DET
fsr-3267	223	26	taxable	taxable	ADJ
fsr-3267	223	27	equivalent	equivalent	ADJ
fsr-3267	223	28	yield	yield	NOUN
fsr-3267	223	29	of	of	ADP
fsr-3267	223	30	2.98%/(1–0.33	2.98%/(1–0.33	NUM
fsr-3267	223	31	)	)	PUNCT
fsr-3267	223	32	�	�	PROPN
fsr-3267	223	33	4.45	4.45	NUM
fsr-3267	223	34	%	%	NOUN
fsr-3267	223	35	,	,	PUNCT
fsr-3267	223	36	as	as	ADP
fsr-3267	223	37	of	of	ADP
fsr-3267	223	38	early	early	ADJ
fsr-3267	223	39	march	march	NOUN
fsr-3267	223	40	,	,	PUNCT
fsr-3267	223	41	2013	2013	NUM
fsr-3267	223	42	.	.	PUNCT
fsr-3267	224	1	a	a	DET
fsr-3267	224	2	comparison	comparison	NOUN
fsr-3267	224	3	of	of	ADP
fsr-3267	224	4	the	the	DET
fsr-3267	224	5	rates	rate	NOUN
fsr-3267	224	6	earned	earn	VERB
fsr-3267	224	7	by	by	ADP
fsr-3267	224	8	swapping	swap	VERB
fsr-3267	224	9	a	a	DET
fsr-3267	224	10	15	15	NUM
fsr-3267	224	11	-	-	PUNCT
fsr-3267	224	12	year	year	NOUN
fsr-3267	224	13	mortgage	mortgage	NOUN
fsr-3267	224	14	for	for	ADP
fsr-3267	224	15	a	a	DET
fsr-3267	224	16	30	30	NUM
fsr-3267	224	17	-	-	PUNCT
fsr-3267	224	18	year	year	NOUN
fsr-3267	224	19	and	and	CCONJ
fsr-3267	224	20	the	the	DET
fsr-3267	224	21	rates	rate	NOUN
fsr-3267	224	22	offered	offer	VERB
fsr-3267	224	23	by	by	ADP
fsr-3267	224	24	t	t	PROPN
fsr-3267	224	25	-	-	PUNCT
fsr-3267	224	26	bonds	bond	NOUN
fsr-3267	224	27	and	and	CCONJ
fsr-3267	224	28	municipal	municipal	ADJ
fsr-3267	224	29	bonds	bond	NOUN
fsr-3267	224	30	of	of	ADP
fsr-3267	224	31	comparable	comparable	ADJ
fsr-3267	224	32	maturities	maturity	NOUN
fsr-3267	224	33	is	be	AUX
fsr-3267	224	34	shown	show	VERB
fsr-3267	224	35	in	in	ADP
fsr-3267	224	36	table	table	NOUN
fsr-3267	224	37	4	4	NUM
fsr-3267	224	38	.	.	PUNCT
fsr-3267	225	1	next	next	ADV
fsr-3267	225	2	we	we	PRON
fsr-3267	225	3	examine	examine	VERB
fsr-3267	225	4	what	what	PRON
fsr-3267	225	5	happens	happen	VERB
fsr-3267	225	6	for	for	ADP
fsr-3267	225	7	different	different	ADJ
fsr-3267	225	8	levels	level	NOUN
fsr-3267	225	9	of	of	ADP
fsr-3267	225	10	interest	interest	NOUN
fsr-3267	225	11	rates	rate	NOUN
fsr-3267	225	12	.	.	PUNCT
fsr-3267	226	1	clearly	clearly	ADV
fsr-3267	226	2	the	the	DET
fsr-3267	226	3	strategy	strategy	NOUN
fsr-3267	226	4	of	of	ADP
fsr-3267	226	5	swapping	swap	VERB
fsr-3267	226	6	a	a	DET
fsr-3267	226	7	30	30	NUM
fsr-3267	226	8	-	-	PUNCT
fsr-3267	226	9	year	year	NOUN
fsr-3267	226	10	for	for	ADP
fsr-3267	226	11	a	a	DET
fsr-3267	226	12	15	15	NUM
fsr-3267	226	13	-	-	PUNCT
fsr-3267	226	14	year	year	NOUN
fsr-3267	226	15	mortgage	mortgage	NOUN
fsr-3267	226	16	will	will	AUX
fsr-3267	226	17	be	be	AUX
fsr-3267	226	18	more	more	ADV
fsr-3267	226	19	beneficial	beneficial	ADJ
fsr-3267	226	20	when	when	SCONJ
fsr-3267	226	21	the	the	DET
fsr-3267	226	22	spread	spread	NOUN
fsr-3267	226	23	between	between	ADP
fsr-3267	226	24	the	the	DET
fsr-3267	226	25	two	two	NUM
fsr-3267	226	26	rates	rate	NOUN
fsr-3267	226	27	is	be	AUX
fsr-3267	226	28	larger	large	ADJ
fsr-3267	226	29	,	,	PUNCT
fsr-3267	226	30	so	so	CCONJ
fsr-3267	226	31	we	we	PRON
fsr-3267	226	32	do	do	AUX
fsr-3267	226	33	not	not	PART
fsr-3267	226	34	analyze	analyze	VERB
fsr-3267	226	35	different	different	ADJ
fsr-3267	226	36	spreads	spread	NOUN
fsr-3267	226	37	.	.	PUNCT
fsr-3267	227	1	however	however	ADV
fsr-3267	227	2	,	,	PUNCT
fsr-3267	227	3	the	the	DET
fsr-3267	227	4	question	question	NOUN
fsr-3267	227	5	remains	remain	VERB
fsr-3267	227	6	whether	whether	SCONJ
fsr-3267	227	7	the	the	DET
fsr-3267	227	8	strategy	strategy	NOUN
fsr-3267	227	9	becomes	become	VERB
fsr-3267	227	10	more	more	ADV
fsr-3267	227	11	profitable	profitable	ADJ
fsr-3267	227	12	or	or	CCONJ
fsr-3267	227	13	less	less	ADV
fsr-3267	227	14	profitable	profitable	ADJ
fsr-3267	227	15	when	when	SCONJ
fsr-3267	227	16	mortgage	mortgage	NOUN
fsr-3267	227	17	rates	rate	NOUN
fsr-3267	227	18	increase	increase	VERB
fsr-3267	227	19	.	.	PUNCT
fsr-3267	228	1	we	we	PRON
fsr-3267	228	2	find	find	VERB
fsr-3267	228	3	npv	npv	NOUN
fsr-3267	228	4	declines	decline	NOUN
fsr-3267	228	5	a	a	DET
fsr-3267	228	6	little	little	ADJ
fsr-3267	228	7	for	for	ADP
fsr-3267	228	8	larger	large	ADJ
fsr-3267	228	9	mortgage	mortgage	NOUN
fsr-3267	228	10	rates	rate	NOUN
fsr-3267	228	11	,	,	PUNCT
fsr-3267	228	12	but	but	CCONJ
fsr-3267	228	13	this	this	PRON
fsr-3267	228	14	should	should	AUX
fsr-3267	228	15	be	be	AUX
fsr-3267	228	16	no	no	DET
fsr-3267	228	17	surprise	surprise	NOUN
fsr-3267	228	18	—	—	PUNCT
fsr-3267	228	19	ceteris	ceteris	NOUN
fsr-3267	228	20	paribus	paribus	NOUN
fsr-3267	228	21	,	,	PUNCT
fsr-3267	228	22	larger	large	ADJ
fsr-3267	228	23	discount	discount	NOUN
fsr-3267	228	24	rates	rate	NOUN
fsr-3267	228	25	necessarily	necessarily	ADV
fsr-3267	228	26	cause	cause	VERB
fsr-3267	228	27	present	present	ADJ
fsr-3267	228	28	values	value	NOUN
fsr-3267	228	29	to	to	PART
fsr-3267	228	30	fall	fall	VERB
fsr-3267	228	31	.	.	PUNCT
fsr-3267	229	1	we	we	PRON
fsr-3267	229	2	also	also	ADV
fsr-3267	229	3	find	find	VERB
fsr-3267	229	4	irr	irr	NOUN
fsr-3267	229	5	rises	rise	NOUN
fsr-3267	229	6	as	as	SCONJ
fsr-3267	229	7	the	the	DET
fsr-3267	229	8	mortgage	mortgage	NOUN
fsr-3267	229	9	rates	rate	NOUN
fsr-3267	229	10	rise	rise	VERB
fsr-3267	229	11	.	.	PUNCT
fsr-3267	230	1	for	for	ADP
fsr-3267	230	2	example	example	NOUN
fsr-3267	230	3	,	,	PUNCT
fsr-3267	230	4	assuming	assume	VERB
fsr-3267	230	5	the	the	DET
fsr-3267	230	6	house	house	NOUN
fsr-3267	230	7	is	be	AUX
fsr-3267	230	8	sold	sell	VERB
fsr-3267	230	9	in	in	ADP
fsr-3267	230	10	30	30	NUM
fsr-3267	230	11	or	or	CCONJ
fsr-3267	230	12	more	more	ADJ
fsr-3267	230	13	years	year	NOUN
fsr-3267	230	14	,	,	PUNCT
fsr-3267	230	15	we	we	PRON
fsr-3267	230	16	find	find	VERB
fsr-3267	230	17	that	that	SCONJ
fsr-3267	230	18	on	on	ADP
fsr-3267	230	19	a	a	DET
fsr-3267	230	20	pretax	pretax	ADJ
fsr-3267	230	21	basis	basis	NOUN
fsr-3267	230	22	the	the	DET
fsr-3267	230	23	gap	gap	NOUN
fsr-3267	230	24	between	between	ADP
fsr-3267	230	25	the	the	DET
fsr-3267	230	26	irr	irr	NOUN
fsr-3267	230	27	earned	earn	VERB
fsr-3267	230	28	on	on	ADP
fsr-3267	230	29	the	the	DET
fsr-3267	230	30	swap	swap	NOUN
fsr-3267	230	31	and	and	CCONJ
fsr-3267	230	32	the	the	DET
fsr-3267	230	33	apr	apr	NOUN
fsr-3267	230	34	on	on	ADP
fsr-3267	230	35	the	the	DET
fsr-3267	230	36	30	30	NUM
fsr-3267	230	37	-	-	PUNCT
fsr-3267	230	38	year	year	NOUN
fsr-3267	230	39	mortgage	mortgage	NOUN
fsr-3267	230	40	ranges	range	VERB
fsr-3267	230	41	from	from	ADP
fsr-3267	230	42	98	98	NUM
fsr-3267	230	43	to	to	PART
fsr-3267	230	44	125	125	NUM
fsr-3267	230	45	basis	basis	NOUN
fsr-3267	230	46	points	point	NOUN
fsr-3267	230	47	as	as	SCONJ
fsr-3267	230	48	the	the	DET
fsr-3267	230	49	30	30	NUM
fsr-3267	230	50	-	-	PUNCT
fsr-3267	230	51	year	year	NOUN
fsr-3267	230	52	rate	rate	NOUN
fsr-3267	230	53	assumed	assume	VERB
fsr-3267	230	54	values	value	NOUN
fsr-3267	230	55	between	between	ADP
fsr-3267	230	56	3.50	3.50	NUM
fsr-3267	230	57	%	%	NOUN
fsr-3267	230	58	and	and	CCONJ
fsr-3267	230	59	6.50	6.50	NUM
fsr-3267	230	60	%	%	NOUN
fsr-3267	230	61	.	.	PUNCT
fsr-3267	231	1	in	in	ADP
fsr-3267	231	2	contrast	contrast	NOUN
fsr-3267	231	3	with	with	ADP
fsr-3267	231	4	npv	npv	NOUN
fsr-3267	231	5	,	,	PUNCT
fsr-3267	231	6	the	the	DET
fsr-3267	231	7	irrs	irrs	NOUN
fsr-3267	231	8	are	be	AUX
fsr-3267	231	9	increasing	increase	VERB
fsr-3267	231	10	in	in	ADP
fsr-3267	231	11	the	the	DET
fsr-3267	231	12	interest	interest	NOUN
fsr-3267	231	13	rates	rate	NOUN
fsr-3267	231	14	,	,	PUNCT
fsr-3267	231	15	even	even	ADV
fsr-3267	231	16	when	when	SCONJ
fsr-3267	231	17	the	the	DET
fsr-3267	231	18	spread	spread	NOUN
fsr-3267	231	19	between	between	ADP
fsr-3267	231	20	15	15	NUM
fsr-3267	231	21	-	-	PUNCT
fsr-3267	231	22	year	year	NOUN
fsr-3267	231	23	and	and	CCONJ
fsr-3267	231	24	30	30	NUM
fsr-3267	231	25	-	-	PUNCT
fsr-3267	231	26	year	year	NOUN
fsr-3267	231	27	rates	rate	NOUN
fsr-3267	231	28	is	be	AUX
fsr-3267	231	29	held	hold	VERB
fsr-3267	231	30	constant	constant	ADJ
fsr-3267	231	31	.	.	PUNCT
fsr-3267	232	1	table	table	NOUN
fsr-3267	232	2	5	5	NUM
fsr-3267	232	3	summarizes	summarize	VERB
fsr-3267	232	4	the	the	DET
fsr-3267	232	5	results	result	NOUN
fsr-3267	232	6	for	for	ADP
fsr-3267	232	7	other	other	ADJ
fsr-3267	232	8	rates	rate	NOUN
fsr-3267	232	9	and	and	CCONJ
fsr-3267	232	10	years	year	NOUN
fsr-3267	232	11	until	until	SCONJ
fsr-3267	232	12	the	the	DET
fsr-3267	232	13	house	house	NOUN
fsr-3267	232	14	is	be	AUX
fsr-3267	232	15	sold	sell	VERB
fsr-3267	232	16	.	.	PUNCT
fsr-3267	233	1	finally	finally	ADV
fsr-3267	233	2	,	,	PUNCT
fsr-3267	233	3	while	while	SCONJ
fsr-3267	233	4	the	the	DET
fsr-3267	233	5	15	15	NUM
fsr-3267	233	6	-	-	PUNCT
fsr-3267	233	7	year	year	NOUN
fsr-3267	233	8	mortgage	mortgage	NOUN
fsr-3267	233	9	offers	offer	VERB
fsr-3267	233	10	large	large	ADJ
fsr-3267	233	11	benefits	benefit	NOUN
fsr-3267	233	12	relative	relative	ADJ
fsr-3267	233	13	to	to	ADP
fsr-3267	233	14	the	the	DET
fsr-3267	233	15	30	30	NUM
fsr-3267	233	16	-	-	PUNCT
fsr-3267	233	17	year	year	NOUN
fsr-3267	233	18	in	in	ADP
fsr-3267	233	19	today	today	NOUN
fsr-3267	233	20	’s	’s	PART
fsr-3267	233	21	interest	interest	NOUN
fsr-3267	233	22	rate	rate	NOUN
fsr-3267	233	23	environment	environment	PROPN
fsr-3267	233	24	,	,	PUNCT
fsr-3267	233	25	whether	whether	SCONJ
fsr-3267	233	26	this	this	PRON
fsr-3267	233	27	is	be	AUX
fsr-3267	233	28	generally	generally	ADV
fsr-3267	233	29	true	true	ADJ
fsr-3267	233	30	remains	remain	NOUN
fsr-3267	233	31	to	to	PART
fsr-3267	233	32	be	be	AUX
fsr-3267	233	33	seen	see	VERB
fsr-3267	233	34	.	.	PUNCT
fsr-3267	234	1	table	table	NOUN
fsr-3267	234	2	6	6	NUM
fsr-3267	234	3	uses	use	VERB
fsr-3267	234	4	the	the	DET
fsr-3267	234	5	freddie	freddie	PROPN
fsr-3267	234	6	mac	mac	PROPN
fsr-3267	234	7	database	database	NOUN
fsr-3267	234	8	to	to	PART
fsr-3267	234	9	compare	compare	VERB
fsr-3267	234	10	the	the	DET
fsr-3267	234	11	two	two	NUM
fsr-3267	234	12	mortgages	mortgage	NOUN
fsr-3267	234	13	if	if	SCONJ
fsr-3267	234	14	initiated	initiate	VERB
fsr-3267	234	15	at	at	ADP
fsr-3267	234	16	various	various	ADJ
fsr-3267	234	17	times	time	NOUN
fsr-3267	234	18	.	.	PUNCT
fsr-3267	235	1	because	because	SCONJ
fsr-3267	235	2	the	the	DET
fsr-3267	235	3	15	15	NUM
fsr-3267	235	4	-	-	PUNCT
fsr-3267	235	5	year	year	NOUN
fsr-3267	235	6	database	database	NOUN
fsr-3267	235	7	goes	go	VERB
fsr-3267	235	8	back	back	ADV
fsr-3267	235	9	only	only	ADV
fsr-3267	235	10	to	to	ADP
fsr-3267	235	11	september	september	PROPN
fsr-3267	235	12	,	,	PUNCT
fsr-3267	235	13	1991	1991	NUM
fsr-3267	235	14	,	,	PUNCT
fsr-3267	235	15	and	and	CCONJ
fsr-3267	235	16	interest	interest	NOUN
fsr-3267	235	17	rates	rate	NOUN
fsr-3267	235	18	do	do	AUX
fsr-3267	235	19	not	not	PART
fsr-3267	235	20	change	change	VERB
fsr-3267	235	21	table	table	NOUN
fsr-3267	235	22	4	4	NUM
fsr-3267	235	23	a	a	DET
fsr-3267	235	24	comparison	comparison	NOUN
fsr-3267	235	25	of	of	ADP
fsr-3267	235	26	the	the	DET
fsr-3267	235	27	irrs	irrs	NOUN
fsr-3267	235	28	earned	earn	VERB
fsr-3267	235	29	from	from	ADP
fsr-3267	235	30	a	a	DET
fsr-3267	235	31	30	30	NUM
fsr-3267	235	32	-	-	PUNCT
fsr-3267	235	33	year	year	NOUN
fsr-3267	235	34	mortgage	mortgage	NOUN
fsr-3267	235	35	to	to	ADP
fsr-3267	235	36	15	15	NUM
fsr-3267	235	37	-	-	PUNCT
fsr-3267	235	38	year	year	NOUN
fsr-3267	235	39	mortgage	mortgage	NOUN
fsr-3267	235	40	swap	swap	NOUN
fsr-3267	235	41	compared	compare	VERB
fsr-3267	235	42	with	with	ADP
fsr-3267	235	43	rates	rate	NOUN
fsr-3267	235	44	on	on	ADP
fsr-3267	235	45	comparable	comparable	ADJ
fsr-3267	235	46	t	t	NOUN
fsr-3267	235	47	-	-	PUNCT
fsr-3267	235	48	bonds	bond	NOUN
fsr-3267	235	49	(	(	PUNCT
fsr-3267	235	50	pre	pre	ADJ
fsr-3267	235	51	-	-	NOUN
fsr-3267	235	52	tax	tax	ADJ
fsr-3267	235	53	)	)	PUNCT
fsr-3267	235	54	or	or	CCONJ
fsr-3267	235	55	municipal	municipal	ADJ
fsr-3267	235	56	bonds	bond	NOUN
fsr-3267	235	57	(	(	PUNCT
fsr-3267	235	58	after	after	ADP
fsr-3267	235	59	-	-	PUNCT
fsr-3267	235	60	tax	tax	NOUN
fsr-3267	235	61	)	)	PUNCT
fsr-3267	235	62	ignoring	ignore	VERB
fsr-3267	235	63	taxes	taxis	NOUN
fsr-3267	235	64	years	year	NOUN
fsr-3267	235	65	ear	ear	NOUN
fsr-3267	235	66	of	of	ADP
fsr-3267	235	67	15	15	NUM
fsr-3267	235	68	-	-	PUNCT
fsr-3267	235	69	year	year	NOUN
fsr-3267	235	70	to	to	ADP
fsr-3267	235	71	30	30	NUM
fsr-3267	235	72	-	-	PUNCT
fsr-3267	235	73	year	year	NOUN
fsr-3267	235	74	marginal	marginal	ADJ
fsr-3267	235	75	cash	cash	NOUN
fsr-3267	235	76	flows	flow	NOUN
fsr-3267	235	77	ear	ear	NOUN
fsr-3267	235	78	of	of	ADP
fsr-3267	235	79	comparable	comparable	ADJ
fsr-3267	235	80	t	t	NOUN
fsr-3267	235	81	-	-	PUNCT
fsr-3267	235	82	bond	bond	NOUN
fsr-3267	235	83	2	2	NUM
fsr-3267	235	84	32.42	32.42	NUM
fsr-3267	235	85	%	%	NOUN
fsr-3267	235	86	0.25	0.25	NUM
fsr-3267	235	87	%	%	NOUN
fsr-3267	235	88	5	5	NUM
fsr-3267	235	89	13.75	13.75	NUM
fsr-3267	235	90	%	%	NOUN
fsr-3267	235	91	0.89	0.89	NUM
fsr-3267	235	92	%	%	NOUN
fsr-3267	235	93	10	10	NUM
fsr-3267	235	94	8.31	8.31	NUM
fsr-3267	235	95	%	%	NOUN
fsr-3267	235	96	2.05	2.05	NUM
fsr-3267	235	97	%	%	NOUN
fsr-3267	235	98	30	30	NUM
fsr-3267	235	99	5.70	5.70	NUM
fsr-3267	235	100	%	%	NOUN
fsr-3267	235	101	3.27	3.27	NUM
fsr-3267	235	102	%	%	NOUN
fsr-3267	235	103	considering	consider	VERB
fsr-3267	235	104	taxes	taxis	NOUN
fsr-3267	235	105	years	year	NOUN
fsr-3267	235	106	taxable	taxable	ADJ
fsr-3267	235	107	equivalent	equivalent	ADJ
fsr-3267	235	108	ear	ear	NOUN
fsr-3267	235	109	of	of	ADP
fsr-3267	235	110	15	15	NUM
fsr-3267	235	111	-	-	PUNCT
fsr-3267	235	112	year	year	NOUN
fsr-3267	235	113	to	to	ADP
fsr-3267	235	114	30	30	NUM
fsr-3267	235	115	year	year	NOUN
fsr-3267	235	116	marginal	marginal	ADJ
fsr-3267	235	117	cash	cash	NOUN
fsr-3267	235	118	flows	flow	NOUN
fsr-3267	235	119	ear	ear	NOUN
fsr-3267	235	120	of	of	ADP
fsr-3267	235	121	comparable	comparable	ADJ
fsr-3267	235	122	municipal	municipal	ADJ
fsr-3267	235	123	bond	bond	NOUN
fsr-3267	235	124	taxable	taxable	ADJ
fsr-3267	235	125	equivalent	equivalent	ADJ
fsr-3267	235	126	ear	ear	NOUN
fsr-3267	235	127	of	of	ADP
fsr-3267	235	128	comparable	comparable	ADJ
fsr-3267	235	129	municipal	municipal	ADJ
fsr-3267	235	130	bond	bond	NOUN
fsr-3267	235	131	1	1	NUM
fsr-3267	235	132	70.31	70.31	NUM
fsr-3267	235	133	%	%	NOUN
fsr-3267	235	134	0.24	0.24	NUM
fsr-3267	235	135	%	%	NOUN
fsr-3267	235	136	0.36	0.36	NUM
fsr-3267	235	137	%	%	NOUN
fsr-3267	235	138	2	2	NUM
fsr-3267	235	139	31.26	31.26	NUM
fsr-3267	235	140	%	%	NOUN
fsr-3267	235	141	0.35	0.35	NUM
fsr-3267	235	142	%	%	NOUN
fsr-3267	235	143	0.52	0.52	NUM
fsr-3267	235	144	%	%	NOUN
fsr-3267	235	145	5	5	NUM
fsr-3267	235	146	13.31	13.31	NUM
fsr-3267	235	147	%	%	NOUN
fsr-3267	235	148	0.82	0.82	NUM
fsr-3267	235	149	%	%	NOUN
fsr-3267	235	150	1.23	1.23	NUM
fsr-3267	235	151	%	%	NOUN
fsr-3267	235	152	10	10	NUM
fsr-3267	235	153	8.04	8.04	NUM
fsr-3267	235	154	%	%	NOUN
fsr-3267	235	155	1.85	1.85	NUM
fsr-3267	235	156	%	%	NOUN
fsr-3267	235	157	2.76	2.76	NUM
fsr-3267	235	158	%	%	NOUN
fsr-3267	235	159	30	30	NUM
fsr-3267	235	160	5.52	5.52	NUM
fsr-3267	235	161	%	%	NOUN
fsr-3267	235	162	2.98	2.98	NUM
fsr-3267	235	163	%	%	NOUN
fsr-3267	235	164	4.45	4.45	NUM
fsr-3267	235	165	%	%	NOUN
fsr-3267	235	166	note	note	NOUN
fsr-3267	235	167	.	.	PUNCT
fsr-3267	236	1	this	this	DET
fsr-3267	236	2	table	table	NOUN
fsr-3267	236	3	compares	compare	VERB
fsr-3267	236	4	returns	return	NOUN
fsr-3267	236	5	from	from	ADP
fsr-3267	236	6	the	the	DET
fsr-3267	236	7	mortgage	mortgage	NOUN
fsr-3267	236	8	swap	swap	NOUN
fsr-3267	236	9	(	(	PUNCT
fsr-3267	236	10	from	from	ADP
fsr-3267	236	11	tables	table	NOUN
fsr-3267	236	12	2	2	NUM
fsr-3267	236	13	and	and	CCONJ
fsr-3267	236	14	3	3	NUM
fsr-3267	236	15	)	)	PUNCT
fsr-3267	236	16	with	with	ADP
fsr-3267	236	17	those	those	PRON
fsr-3267	236	18	from	from	ADP
fsr-3267	236	19	t	t	NOUN
fsr-3267	236	20	-	-	PUNCT
fsr-3267	236	21	bonds	bond	NOUN
fsr-3267	236	22	(	(	PUNCT
fsr-3267	236	23	in	in	ADP
fsr-3267	236	24	the	the	DET
fsr-3267	236	25	before	before	ADP
fsr-3267	236	26	-	-	PUNCT
fsr-3267	236	27	tax	tax	NOUN
fsr-3267	236	28	case	case	NOUN
fsr-3267	236	29	)	)	PUNCT
fsr-3267	236	30	and	and	CCONJ
fsr-3267	236	31	municipal	municipal	ADJ
fsr-3267	236	32	bonds	bond	NOUN
fsr-3267	236	33	(	(	PUNCT
fsr-3267	236	34	in	in	ADP
fsr-3267	236	35	the	the	DET
fsr-3267	236	36	after	after	ADP
fsr-3267	236	37	tax	tax	NOUN
fsr-3267	236	38	case	case	NOUN
fsr-3267	236	39	)	)	PUNCT
fsr-3267	236	40	.	.	PUNCT
fsr-3267	237	1	bond	bond	NOUN
fsr-3267	237	2	returns	return	NOUN
fsr-3267	237	3	were	be	AUX
fsr-3267	237	4	taken	take	VERB
fsr-3267	237	5	from	from	ADP
fsr-3267	237	6	the	the	DET
fsr-3267	237	7	bloomberg	bloomberg	NOUN
fsr-3267	237	8	website	website	NOUN
fsr-3267	237	9	in	in	ADP
fsr-3267	237	10	early	early	ADJ
fsr-3267	237	11	march	march	NOUN
fsr-3267	237	12	,	,	PUNCT
fsr-3267	237	13	2013	2013	NUM
fsr-3267	237	14	.	.	PUNCT
fsr-3267	238	1	in	in	ADP
fsr-3267	238	2	all	all	DET
fsr-3267	238	3	cases	case	NOUN
fsr-3267	238	4	,	,	PUNCT
fsr-3267	238	5	annual	annual	ADJ
fsr-3267	238	6	returns	return	NOUN
fsr-3267	238	7	are	be	AUX
fsr-3267	238	8	expressed	express	VERB
fsr-3267	238	9	as	as	ADP
fsr-3267	238	10	effective	effective	ADJ
fsr-3267	238	11	annual	annual	ADJ
fsr-3267	238	12	returns	return	NOUN
fsr-3267	238	13	(	(	PUNCT
fsr-3267	238	14	ear	ear	NOUN
fsr-3267	238	15	)	)	PUNCT
fsr-3267	238	16	to	to	PART
fsr-3267	238	17	facilitate	facilitate	VERB
fsr-3267	238	18	comparison	comparison	NOUN
fsr-3267	238	19	.	.	PUNCT
fsr-3267	239	1	the	the	DET
fsr-3267	239	2	taxable	taxable	ADJ
fsr-3267	239	3	equivalent	equivalent	ADJ
fsr-3267	239	4	ear	ear	NOUN
fsr-3267	239	5	of	of	ADP
fsr-3267	239	6	the	the	DET
fsr-3267	239	7	mortgage	mortgage	NOUN
fsr-3267	239	8	swap	swap	NOUN
fsr-3267	239	9	and	and	CCONJ
fsr-3267	239	10	the	the	DET
fsr-3267	239	11	municipal	municipal	ADJ
fsr-3267	239	12	bonds	bond	NOUN
fsr-3267	239	13	is	be	AUX
fsr-3267	239	14	found	find	VERB
fsr-3267	239	15	by	by	ADP
fsr-3267	239	16	taking	take	VERB
fsr-3267	239	17	the	the	DET
fsr-3267	239	18	specified	specified	ADJ
fsr-3267	239	19	ear	ear	NOUN
fsr-3267	239	20	of	of	ADP
fsr-3267	239	21	after	after	ADP
fsr-3267	239	22	-	-	PUNCT
fsr-3267	239	23	tax	tax	NOUN
fsr-3267	239	24	cash	cash	NOUN
fsr-3267	239	25	flows	flow	NOUN
fsr-3267	239	26	and	and	CCONJ
fsr-3267	239	27	dividing	divide	VERB
fsr-3267	239	28	by	by	ADP
fsr-3267	239	29	(	(	PUNCT
fsr-3267	239	30	1	1	NUM
fsr-3267	239	31	-	-	PUNCT
fsr-3267	239	32	t	t	NUM
fsr-3267	239	33	)	)	PUNCT
fsr-3267	239	34	.	.	PUNCT
fsr-3267	240	1	99j	99j	PROPN
fsr-3267	240	2	.	.	PUNCT
fsr-3267	241	1	musumeci	musumeci	PROPN
fsr-3267	241	2	/	/	SYM
fsr-3267	241	3	financial	financial	ADJ
fsr-3267	241	4	services	service	NOUN
fsr-3267	241	5	review	review	VERB
fsr-3267	241	6	25	25	NUM
fsr-3267	241	7	(	(	PUNCT
fsr-3267	241	8	2016	2016	NUM
fsr-3267	241	9	)	)	PUNCT
fsr-3267	241	10	87–104	87–104	PROPN
fsr-3267	241	11	dramatically	dramatically	ADV
fsr-3267	241	12	from	from	ADP
fsr-3267	241	13	month	month	NOUN
fsr-3267	241	14	to	to	ADP
fsr-3267	241	15	month	month	NOUN
fsr-3267	241	16	,	,	PUNCT
fsr-3267	241	17	we	we	PRON
fsr-3267	241	18	compare	compare	VERB
fsr-3267	241	19	the	the	DET
fsr-3267	241	20	two	two	NUM
fsr-3267	241	21	mortgages	mortgage	NOUN
fsr-3267	241	22	every	every	DET
fsr-3267	241	23	three	three	NUM
fsr-3267	241	24	years	year	NOUN
fsr-3267	241	25	,	,	PUNCT
fsr-3267	241	26	starting	start	VERB
fsr-3267	241	27	in	in	ADP
fsr-3267	241	28	january	january	PROPN
fsr-3267	241	29	,	,	PUNCT
fsr-3267	241	30	1992	1992	NUM
fsr-3267	241	31	and	and	CCONJ
fsr-3267	241	32	ending	end	VERB
fsr-3267	241	33	in	in	ADP
fsr-3267	241	34	january	january	PROPN
fsr-3267	241	35	,	,	PUNCT
fsr-3267	241	36	2013	2013	NUM
fsr-3267	241	37	.	.	PUNCT
fsr-3267	242	1	table	table	NOUN
fsr-3267	242	2	6	6	NUM
fsr-3267	242	3	features	feature	VERB
fsr-3267	242	4	the	the	DET
fsr-3267	242	5	results	result	NOUN
fsr-3267	242	6	.	.	PUNCT
fsr-3267	243	1	as	as	ADP
fsr-3267	243	2	in	in	ADP
fsr-3267	243	3	table	table	NOUN
fsr-3267	243	4	5	5	NUM
fsr-3267	243	5	,	,	PUNCT
fsr-3267	243	6	the	the	DET
fsr-3267	243	7	advantage	advantage	NOUN
fsr-3267	243	8	of	of	ADP
fsr-3267	243	9	a	a	DET
fsr-3267	243	10	15	15	NUM
fsr-3267	243	11	-	-	PUNCT
fsr-3267	243	12	year	year	NOUN
fsr-3267	243	13	mortgage	mortgage	NOUN
fsr-3267	243	14	over	over	ADP
fsr-3267	243	15	a	a	DET
fsr-3267	243	16	30	30	NUM
fsr-3267	243	17	-	-	PUNCT
fsr-3267	243	18	year	year	NOUN
fsr-3267	243	19	is	be	AUX
fsr-3267	243	20	generally	generally	ADV
fsr-3267	243	21	greater	great	ADJ
fsr-3267	243	22	when	when	SCONJ
fsr-3267	243	23	the	the	DET
fsr-3267	243	24	overall	overall	ADJ
fsr-3267	243	25	rates	rate	NOUN
fsr-3267	243	26	are	be	AUX
fsr-3267	243	27	greater	great	ADJ
fsr-3267	243	28	;	;	PUNCT
fsr-3267	243	29	here	here	ADV
fsr-3267	243	30	we	we	PRON
fsr-3267	243	31	see	see	VERB
fsr-3267	243	32	this	this	PRON
fsr-3267	243	33	is	be	AUX
fsr-3267	243	34	true	true	ADJ
fsr-3267	243	35	,	,	PUNCT
fsr-3267	243	36	even	even	ADV
fsr-3267	243	37	when	when	SCONJ
fsr-3267	243	38	the	the	DET
fsr-3267	243	39	gap	gap	NOUN
fsr-3267	243	40	between	between	ADP
fsr-3267	243	41	rates	rate	NOUN
fsr-3267	243	42	is	be	AUX
fsr-3267	243	43	smaller	small	ADJ
fsr-3267	243	44	.	.	PUNCT
fsr-3267	244	1	for	for	ADP
fsr-3267	244	2	example	example	NOUN
fsr-3267	244	3	,	,	PUNCT
fsr-3267	244	4	january	january	PROPN
fsr-3267	244	5	,	,	PUNCT
fsr-3267	244	6	2013	2013	NUM
fsr-3267	244	7	features	feature	VERB
fsr-3267	244	8	the	the	DET
fsr-3267	244	9	lowest	low	ADJ
fsr-3267	244	10	rates	rate	NOUN
fsr-3267	244	11	,	,	PUNCT
fsr-3267	244	12	but	but	CCONJ
fsr-3267	244	13	the	the	DET
fsr-3267	244	14	largest	large	ADJ
fsr-3267	244	15	spread	spread	NOUN
fsr-3267	244	16	between	between	ADP
fsr-3267	244	17	15	15	NUM
fsr-3267	244	18	-	-	PUNCT
fsr-3267	244	19	year	year	NOUN
fsr-3267	244	20	and	and	CCONJ
fsr-3267	244	21	30	30	NUM
fsr-3267	244	22	-	-	PUNCT
fsr-3267	244	23	year	year	NOUN
fsr-3267	244	24	rates	rate	NOUN
fsr-3267	244	25	at	at	ADP
fsr-3267	244	26	71	71	NUM
fsr-3267	244	27	basis	basis	NOUN
fsr-3267	244	28	points	point	NOUN
fsr-3267	244	29	.	.	PUNCT
fsr-3267	245	1	assuming	assume	VERB
fsr-3267	245	2	the	the	DET
fsr-3267	245	3	mortgage	mortgage	NOUN
fsr-3267	245	4	is	be	AUX
fsr-3267	245	5	liquidated	liquidate	VERB
fsr-3267	245	6	in	in	ADP
fsr-3267	245	7	seven	seven	NUM
fsr-3267	245	8	years	year	NOUN
fsr-3267	245	9	,	,	PUNCT
fsr-3267	245	10	it	it	PRON
fsr-3267	245	11	also	also	ADV
fsr-3267	245	12	has	have	VERB
fsr-3267	245	13	the	the	DET
fsr-3267	245	14	second	second	ADJ
fsr-3267	245	15	lowest	low	ADJ
fsr-3267	245	16	irr	irr	NOUN
fsr-3267	245	17	of	of	ADP
fsr-3267	245	18	any	any	PRON
fsr-3267	245	19	of	of	ADP
fsr-3267	245	20	the	the	DET
fsr-3267	245	21	eight	eight	NUM
fsr-3267	245	22	times	time	NOUN
fsr-3267	245	23	examined	examine	VERB
fsr-3267	245	24	.	.	PUNCT
fsr-3267	246	1	conversely	conversely	ADV
fsr-3267	246	2	,	,	PUNCT
fsr-3267	246	3	the	the	DET
fsr-3267	246	4	january	january	PROPN
fsr-3267	246	5	,	,	PUNCT
fsr-3267	246	6	1992	1992	NUM
fsr-3267	246	7	and	and	CCONJ
fsr-3267	246	8	january	january	PROPN
fsr-3267	246	9	,	,	PUNCT
fsr-3267	246	10	1995	1995	NUM
fsr-3267	246	11	rates	rate	NOUN
fsr-3267	246	12	are	be	AUX
fsr-3267	246	13	the	the	DET
fsr-3267	246	14	largest	large	ADJ
fsr-3267	246	15	of	of	ADP
fsr-3267	246	16	the	the	DET
fsr-3267	246	17	set	set	NOUN
fsr-3267	246	18	,	,	PUNCT
fsr-3267	246	19	and	and	CCONJ
fsr-3267	246	20	offer	offer	VERB
fsr-3267	246	21	the	the	DET
fsr-3267	246	22	largest	large	ADJ
fsr-3267	246	23	irrs	irrs	NOUN
fsr-3267	246	24	for	for	ADP
fsr-3267	246	25	a	a	DET
fsr-3267	246	26	mortgage	mortgage	NOUN
fsr-3267	246	27	liquidated	liquidate	VERB
fsr-3267	246	28	in	in	ADP
fsr-3267	246	29	seven	seven	NUM
fsr-3267	246	30	years	year	NOUN
fsr-3267	246	31	,	,	PUNCT
fsr-3267	246	32	even	even	ADV
fsr-3267	246	33	though	though	SCONJ
fsr-3267	246	34	their	their	PRON
fsr-3267	246	35	spreads	spread	NOUN
fsr-3267	246	36	between	between	ADP
fsr-3267	246	37	the	the	DET
fsr-3267	246	38	15	15	NUM
fsr-3267	246	39	-	-	PUNCT
fsr-3267	246	40	year	year	NOUN
fsr-3267	246	41	and	and	CCONJ
fsr-3267	246	42	30	30	NUM
fsr-3267	246	43	-	-	PUNCT
fsr-3267	246	44	year	year	NOUN
fsr-3267	246	45	rates	rate	NOUN
fsr-3267	246	46	are	be	AUX
fsr-3267	246	47	only	only	ADV
fsr-3267	246	48	about	about	ADV
fsr-3267	246	49	average	average	ADJ
fsr-3267	246	50	.	.	PUNCT
fsr-3267	247	1	because	because	SCONJ
fsr-3267	247	2	our	our	PRON
fsr-3267	247	3	analysis	analysis	NOUN
fsr-3267	247	4	has	have	AUX
fsr-3267	247	5	ignored	ignore	VERB
fsr-3267	247	6	the	the	DET
fsr-3267	247	7	option	option	NOUN
fsr-3267	247	8	to	to	PART
fsr-3267	247	9	refinance	refinance	VERB
fsr-3267	247	10	,	,	PUNCT
fsr-3267	247	11	it	it	PRON
fsr-3267	247	12	is	be	AUX
fsr-3267	247	13	very	very	ADV
fsr-3267	247	14	likely	likely	ADJ
fsr-3267	247	15	that	that	SCONJ
fsr-3267	247	16	this	this	DET
fsr-3267	247	17	increase	increase	NOUN
fsr-3267	247	18	in	in	ADP
fsr-3267	247	19	irr	irr	NOUN
fsr-3267	247	20	is	be	AUX
fsr-3267	247	21	because	because	SCONJ
fsr-3267	247	22	of	of	ADP
fsr-3267	247	23	the	the	DET
fsr-3267	247	24	refinancing	refinance	VERB
fsr-3267	247	25	table	table	NOUN
fsr-3267	247	26	5	5	NUM
fsr-3267	247	27	a	a	DET
fsr-3267	247	28	comparison	comparison	NOUN
fsr-3267	247	29	of	of	ADP
fsr-3267	247	30	npv	npv	NOUN
fsr-3267	247	31	and	and	CCONJ
fsr-3267	247	32	irr	irr	NOUN
fsr-3267	247	33	earned	earn	VERB
fsr-3267	247	34	from	from	ADP
fsr-3267	247	35	a	a	DET
fsr-3267	247	36	30	30	NUM
fsr-3267	247	37	-	-	PUNCT
fsr-3267	247	38	year	year	NOUN
fsr-3267	247	39	for	for	ADP
fsr-3267	247	40	15	15	NUM
fsr-3267	247	41	-	-	PUNCT
fsr-3267	247	42	year	year	NOUN
fsr-3267	247	43	swap	swap	NOUN
fsr-3267	247	44	for	for	ADP
fsr-3267	247	45	various	various	ADJ
fsr-3267	247	46	levels	level	NOUN
fsr-3267	247	47	of	of	ADP
fsr-3267	247	48	mortgage	mortgage	NOUN
fsr-3267	247	49	rates	rate	NOUN
fsr-3267	247	50	15	15	NUM
fsr-3267	247	51	year	year	NOUN
fsr-3267	247	52	rate	rate	NOUN
fsr-3267	247	53	�	�	PROPN
fsr-3267	247	54	2.75	2.75	NUM
fsr-3267	247	55	%	%	NOUN
fsr-3267	247	56	,	,	PUNCT
fsr-3267	247	57	30	30	NUM
fsr-3267	247	58	-	-	PUNCT
fsr-3267	247	59	year	year	NOUN
fsr-3267	247	60	rate	rate	NOUN
fsr-3267	247	61	�	�	PROPN
fsr-3267	247	62	3.5	3.5	NUM
fsr-3267	247	63	%	%	NOUN
fsr-3267	247	64	house	house	NOUN
fsr-3267	247	65	sold	sell	VERB
fsr-3267	247	66	in	in	ADP
fsr-3267	247	67	no	no	DET
fsr-3267	247	68	taxes	taxis	NOUN
fsr-3267	247	69	tax	tax	NOUN
fsr-3267	247	70	rate	rate	NOUN
fsr-3267	247	71	�	�	PROPN
fsr-3267	247	72	33	33	NUM
fsr-3267	247	73	%	%	NOUN
fsr-3267	247	74	npv	npv	NOUN
fsr-3267	247	75	irr	irr	NOUN
fsr-3267	247	76	(	(	PUNCT
fsr-3267	247	77	apr	apr	NOUN
fsr-3267	247	78	)	)	PUNCT
fsr-3267	247	79	npv	npv	NOUN
fsr-3267	247	80	irr	irr	NOUN
fsr-3267	247	81	(	(	PUNCT
fsr-3267	247	82	apr	apr	NOUN
fsr-3267	247	83	)	)	PUNCT
fsr-3267	247	84	1	1	NUM
fsr-3267	247	85	year	year	NOUN
fsr-3267	247	86	$	$	SYM
fsr-3267	247	87	3,662.60	3,662.60	NUM
fsr-3267	247	88	53.57	53.57	NUM
fsr-3267	247	89	%	%	NOUN
fsr-3267	247	90	$	$	SYM
fsr-3267	247	91	2,465.93	2,465.93	NUM
fsr-3267	247	92	51.79	51.79	NUM
fsr-3267	247	93	%	%	NOUN
fsr-3267	247	94	2	2	NUM
fsr-3267	247	95	years	year	NOUN
fsr-3267	247	96	$	$	SYM
fsr-3267	247	97	7,155.87	7,155.87	NUM
fsr-3267	247	98	26.57	26.57	NUM
fsr-3267	247	99	%	%	NOUN
fsr-3267	247	100	$	$	SYM
fsr-3267	247	101	4,839.26	4,839.26	NUM
fsr-3267	247	102	25.75	25.75	NUM
fsr-3267	247	103	%	%	NOUN
fsr-3267	247	104	5	5	NUM
fsr-3267	247	105	years	year	NOUN
fsr-3267	247	106	$	$	SYM
fsr-3267	247	107	16,659.71	16,659.71	NUM
fsr-3267	247	108	11.64	11.64	NUM
fsr-3267	247	109	%	%	NOUN
fsr-3267	247	110	$	$	SYM
fsr-3267	247	111	11,412.36	11,412.36	NUM
fsr-3267	247	112	11.30	11.30	NUM
fsr-3267	247	113	%	%	NOUN
fsr-3267	247	114	10	10	NUM
fsr-3267	247	115	years	year	NOUN
fsr-3267	247	116	$	$	SYM
fsr-3267	247	117	29,470.17	29,470.17	NUM
fsr-3267	247	118	6.86	6.86	NUM
fsr-3267	247	119	%	%	NOUN
fsr-3267	247	120	$	$	SYM
fsr-3267	247	121	20,593.15	20,593.15	NUM
fsr-3267	247	122	6.66	6.66	NUM
fsr-3267	247	123	%	%	NOUN
fsr-3267	247	124	30	30	NUM
fsr-3267	247	125	years	year	NOUN
fsr-3267	247	126	$	$	SYM
fsr-3267	247	127	49,974.76	49,974.76	NUM
fsr-3267	247	128	4.48	4.48	NUM
fsr-3267	247	129	%	%	NOUN
fsr-3267	247	130	$	$	SYM
fsr-3267	247	131	36,556.52	36,556.52	NUM
fsr-3267	247	132	4.35	4.35	NUM
fsr-3267	247	133	%	%	NOUN
fsr-3267	247	134	15	15	NUM
fsr-3267	247	135	year	year	NOUN
fsr-3267	247	136	rate	rate	NOUN
fsr-3267	247	137	�	�	PROPN
fsr-3267	247	138	3.75	3.75	NUM
fsr-3267	247	139	%	%	NOUN
fsr-3267	247	140	,	,	PUNCT
fsr-3267	247	141	30	30	NUM
fsr-3267	247	142	-	-	PUNCT
fsr-3267	247	143	year	year	NOUN
fsr-3267	247	144	rate	rate	NOUN
fsr-3267	247	145	�	�	PROPN
fsr-3267	247	146	4.5	4.5	NUM
fsr-3267	247	147	%	%	NOUN
fsr-3267	247	148	1	1	NUM
fsr-3267	247	149	year	year	NOUN
fsr-3267	247	150	$	$	SYM
fsr-3267	247	151	3,648.16	3,648.16	NUM
fsr-3267	247	152	56.39	56.39	NUM
fsr-3267	247	153	%	%	NOUN
fsr-3267	247	154	$	$	SYM
fsr-3267	247	155	2,460.54	2,460.54	NUM
fsr-3267	247	156	54.44	54.44	NUM
fsr-3267	247	157	%	%	NOUN
fsr-3267	247	158	2	2	NUM
fsr-3267	247	159	years	year	NOUN
fsr-3267	247	160	$	$	SYM
fsr-3267	247	161	7,103.96	7,103.96	NUM
fsr-3267	247	162	28.42	28.42	NUM
fsr-3267	247	163	%	%	NOUN
fsr-3267	247	164	$	$	SYM
fsr-3267	247	165	4,820.29	4,820.29	NUM
fsr-3267	247	166	27.51	27.51	NUM
fsr-3267	247	167	%	%	NOUN
fsr-3267	247	168	5	5	NUM
fsr-3267	247	169	years	year	NOUN
fsr-3267	247	170	$	$	SYM
fsr-3267	247	171	16,382.30	16,382.30	NUM
fsr-3267	247	172	12.96	12.96	NUM
fsr-3267	247	173	%	%	NOUN
fsr-3267	247	174	$	$	SYM
fsr-3267	247	175	11,311.50	11,311.50	NUM
fsr-3267	247	176	12.56	12.56	NUM
fsr-3267	247	177	%	%	NOUN
fsr-3267	247	178	10	10	NUM
fsr-3267	247	179	years	year	NOUN
fsr-3267	247	180	$	$	SYM
fsr-3267	247	181	28,571.62	28,571.62	NUM
fsr-3267	247	182	8.01	8.01	NUM
fsr-3267	247	183	%	%	NOUN
fsr-3267	247	184	$	$	SYM
fsr-3267	247	185	20,261.98	20,261.98	NUM
fsr-3267	247	186	7.76	7.76	NUM
fsr-3267	247	187	%	%	NOUN
fsr-3267	247	188	30	30	NUM
fsr-3267	247	189	years	year	NOUN
fsr-3267	247	190	$	$	SYM
fsr-3267	247	191	47,039.79	47,039.79	NUM
fsr-3267	247	192	5.56	5.56	NUM
fsr-3267	247	193	%	%	NOUN
fsr-3267	247	194	$	$	SYM
fsr-3267	247	195	35,427.62	35,427.62	NUM
fsr-3267	247	196	5.38	5.38	NUM
fsr-3267	247	197	%	%	NOUN
fsr-3267	247	198	15	15	NUM
fsr-3267	247	199	year	year	NOUN
fsr-3267	247	200	rate	rate	NOUN
fsr-3267	247	201	�	�	PROPN
fsr-3267	247	202	4.75	4.75	NUM
fsr-3267	247	203	%	%	NOUN
fsr-3267	247	204	,	,	PUNCT
fsr-3267	247	205	30	30	NUM
fsr-3267	247	206	-	-	PUNCT
fsr-3267	247	207	year	year	NOUN
fsr-3267	247	208	rate	rate	NOUN
fsr-3267	247	209	�	�	PROPN
fsr-3267	247	210	5.5	5.5	NUM
fsr-3267	247	211	%	%	NOUN
fsr-3267	247	212	1	1	NUM
fsr-3267	247	213	year	year	NOUN
fsr-3267	247	214	$	$	SYM
fsr-3267	247	215	3,633.12	3,633.12	NUM
fsr-3267	247	216	59.67	59.67	NUM
fsr-3267	247	217	%	%	NOUN
fsr-3267	247	218	$	$	SYM
fsr-3267	247	219	2,454.71	2,454.71	NUM
fsr-3267	247	220	57.51	57.51	NUM
fsr-3267	247	221	%	%	NOUN
fsr-3267	247	222	2	2	NUM
fsr-3267	247	223	years	year	NOUN
fsr-3267	247	224	$	$	SYM
fsr-3267	247	225	7,049.87	7,049.87	NUM
fsr-3267	247	226	30.47	30.47	NUM
fsr-3267	247	227	%	%	NOUN
fsr-3267	247	228	$	$	SYM
fsr-3267	247	229	4,799.58	4,799.58	NUM
fsr-3267	247	230	29.45	29.45	NUM
fsr-3267	247	231	%	%	NOUN
fsr-3267	247	232	5	5	NUM
fsr-3267	247	233	years	year	NOUN
fsr-3267	247	234	$	$	SYM
fsr-3267	247	235	16,096.28	16,096.28	NUM
fsr-3267	247	236	14.34	14.34	NUM
fsr-3267	247	237	%	%	NOUN
fsr-3267	247	238	$	$	SYM
fsr-3267	247	239	11,201.28	11,201.28	NOUN
fsr-3267	247	240	13.88	13.88	NUM
fsr-3267	247	241	%	%	NOUN
fsr-3267	247	242	10	10	NUM
fsr-3267	247	243	years	year	NOUN
fsr-3267	247	244	$	$	SYM
fsr-3267	247	245	27,664.15	27,664.15	NUM
fsr-3267	247	246	9.18	9.18	NUM
fsr-3267	247	247	%	%	NOUN
fsr-3267	247	248	$	$	SYM
fsr-3267	247	249	19,903.38	19,903.38	NUM
fsr-3267	247	250	8.89	8.89	NUM
fsr-3267	247	251	%	%	NOUN
fsr-3267	247	252	30	30	NUM
fsr-3267	247	253	years	year	NOUN
fsr-3267	247	254	$	$	SYM
fsr-3267	247	255	44,226.88	44,226.88	NUM
fsr-3267	247	256	6.65	6.65	NUM
fsr-3267	247	257	%	%	NOUN
fsr-3267	247	258	$	$	SYM
fsr-3267	247	259	34,239.17	34,239.17	NUM
fsr-3267	247	260	6.42	6.42	NUM
fsr-3267	247	261	%	%	NOUN
fsr-3267	247	262	15	15	NUM
fsr-3267	247	263	year	year	NOUN
fsr-3267	247	264	rate	rate	NOUN
fsr-3267	247	265	�	�	PROPN
fsr-3267	247	266	5.75	5.75	NUM
fsr-3267	247	267	%	%	NOUN
fsr-3267	247	268	,	,	PUNCT
fsr-3267	247	269	30	30	NUM
fsr-3267	247	270	-	-	PUNCT
fsr-3267	247	271	year	year	NOUN
fsr-3267	247	272	rate	rate	NOUN
fsr-3267	247	273	�	�	PROPN
fsr-3267	247	274	6.5	6.5	NUM
fsr-3267	247	275	%	%	NOUN
fsr-3267	247	276	1	1	NUM
fsr-3267	247	277	year	year	NOUN
fsr-3267	247	278	$	$	SYM
fsr-3267	247	279	3,617.55	3,617.55	NUM
fsr-3267	247	280	63.45	63.45	NUM
fsr-3267	247	281	%	%	NOUN
fsr-3267	247	282	$	$	SYM
fsr-3267	247	283	2,448.47	2,448.47	NUM
fsr-3267	247	284	61.02	61.02	NUM
fsr-3267	247	285	%	%	NOUN
fsr-3267	247	286	2	2	NUM
fsr-3267	247	287	years	year	NOUN
fsr-3267	247	288	$	$	SYM
fsr-3267	247	289	6,993.91	6,993.91	NUM
fsr-3267	247	290	32.74	32.74	NUM
fsr-3267	247	291	%	%	NOUN
fsr-3267	247	292	$	$	SYM
fsr-3267	247	293	4,777.30	4,777.30	NUM
fsr-3267	247	294	31.59	31.59	NUM
fsr-3267	247	295	%	%	NOUN
fsr-3267	247	296	5	5	NUM
fsr-3267	247	297	years	year	NOUN
fsr-3267	247	298	$	$	SYM
fsr-3267	247	299	15,803.66	15,803.66	NUM
fsr-3267	247	300	15.81	15.81	NUM
fsr-3267	247	301	%	%	NOUN
fsr-3267	247	302	$	$	SYM
fsr-3267	247	303	11,082.90	11,082.90	NUM
fsr-3267	247	304	15.27	15.27	NUM
fsr-3267	247	305	%	%	NOUN
fsr-3267	247	306	10	10	NUM
fsr-3267	247	307	years	year	NOUN
fsr-3267	247	308	$	$	SYM
fsr-3267	247	309	26,755.14	26,755.14	NUM
fsr-3267	247	310	10.40	10.40	NUM
fsr-3267	247	311	%	%	NOUN
fsr-3267	247	312	$	$	SYM
fsr-3267	247	313	19,522.02	19,522.02	NUM
fsr-3267	247	314	10.04	10.04	NUM
fsr-3267	247	315	%	%	NOUN
fsr-3267	247	316	30	30	NUM
fsr-3267	247	317	years	year	NOUN
fsr-3267	247	318	$	$	SYM
fsr-3267	247	319	41,550.23	41,550.23	NUM
fsr-3267	247	320	7.75	7.75	NUM
fsr-3267	247	321	%	%	NOUN
fsr-3267	247	322	$	$	SYM
fsr-3267	247	323	33,009.72	33,009.72	NUM
fsr-3267	247	324	7.47	7.47	NUM
fsr-3267	247	325	%	%	NOUN
fsr-3267	247	326	note	note	NOUN
fsr-3267	247	327	.	.	PUNCT
fsr-3267	248	1	values	value	NOUN
fsr-3267	248	2	for	for	ADP
fsr-3267	248	3	npv	npv	NOUN
fsr-3267	248	4	and	and	CCONJ
fsr-3267	248	5	irr	irr	NOUN
fsr-3267	248	6	are	be	AUX
fsr-3267	248	7	calculated	calculate	VERB
fsr-3267	248	8	in	in	ADP
fsr-3267	248	9	the	the	DET
fsr-3267	248	10	same	same	ADJ
fsr-3267	248	11	fashion	fashion	NOUN
fsr-3267	248	12	as	as	ADP
fsr-3267	248	13	for	for	ADP
fsr-3267	248	14	tables	table	NOUN
fsr-3267	248	15	2	2	NUM
fsr-3267	248	16	and	and	CCONJ
fsr-3267	248	17	3	3	NUM
fsr-3267	248	18	,	,	PUNCT
fsr-3267	248	19	but	but	CCONJ
fsr-3267	248	20	for	for	ADP
fsr-3267	248	21	different	different	ADJ
fsr-3267	248	22	levels	level	NOUN
fsr-3267	248	23	of	of	ADP
fsr-3267	248	24	interest	interest	NOUN
fsr-3267	248	25	rates	rate	NOUN
fsr-3267	248	26	.	.	PUNCT
fsr-3267	249	1	npv	npv	PROPN
fsr-3267	249	2	declines	decline	VERB
fsr-3267	249	3	when	when	SCONJ
fsr-3267	249	4	rates	rate	NOUN
fsr-3267	249	5	are	be	AUX
fsr-3267	249	6	higher	high	ADJ
fsr-3267	249	7	because	because	SCONJ
fsr-3267	249	8	higher	high	ADJ
fsr-3267	249	9	rates	rate	NOUN
fsr-3267	249	10	cause	cause	VERB
fsr-3267	249	11	present	present	ADJ
fsr-3267	249	12	to	to	PART
fsr-3267	249	13	fall	fall	VERB
fsr-3267	249	14	,	,	PUNCT
fsr-3267	249	15	but	but	CCONJ
fsr-3267	249	16	irr	irr	NOUN
fsr-3267	249	17	increases	increase	NOUN
fsr-3267	249	18	as	as	SCONJ
fsr-3267	249	19	rates	rate	NOUN
fsr-3267	249	20	increase	increase	VERB
fsr-3267	249	21	.	.	PUNCT
fsr-3267	250	1	irr	irr	PROPN
fsr-3267	250	2	�	�	PROPN
fsr-3267	250	3	internal	internal	ADJ
fsr-3267	250	4	rate	rate	NOUN
fsr-3267	250	5	of	of	ADP
fsr-3267	250	6	return	return	NOUN
fsr-3267	250	7	;	;	PUNCT
fsr-3267	250	8	npv	npv	PROPN
fsr-3267	250	9	�	�	PROPN
fsr-3267	250	10	net	net	ADJ
fsr-3267	250	11	present	present	ADJ
fsr-3267	250	12	value	value	NOUN
fsr-3267	250	13	;	;	PUNCT
fsr-3267	250	14	apr	apr	PROPN
fsr-3267	250	15	�	�	PROPN
fsr-3267	250	16	annual	annual	ADJ
fsr-3267	250	17	percentage	percentage	NOUN
fsr-3267	250	18	rate	rate	NOUN
fsr-3267	250	19	.	.	PUNCT
fsr-3267	251	1	100	100	NUM
fsr-3267	251	2	j.	j.	PROPN
fsr-3267	251	3	musumeci	musumeci	PROPN
fsr-3267	251	4	/	/	SYM
fsr-3267	251	5	financial	financial	ADJ
fsr-3267	251	6	services	service	NOUN
fsr-3267	251	7	review	review	VERB
fsr-3267	251	8	25	25	NUM
fsr-3267	251	9	(	(	PUNCT
fsr-3267	251	10	2016	2016	NUM
fsr-3267	251	11	)	)	PUNCT
fsr-3267	251	12	87–104	87–104	PROPN
fsr-3267	251	13	option	option	NOUN
fsr-3267	251	14	’s	’s	PART
fsr-3267	251	15	greater	great	ADJ
fsr-3267	251	16	value	value	NOUN
fsr-3267	251	17	when	when	SCONJ
fsr-3267	251	18	interest	interest	NOUN
fsr-3267	251	19	rates	rate	NOUN
fsr-3267	251	20	are	be	AUX
fsr-3267	251	21	higher	high	ADJ
fsr-3267	251	22	.	.	PUNCT
fsr-3267	252	1	the	the	DET
fsr-3267	252	2	15	15	NUM
fsr-3267	252	3	-	-	PUNCT
fsr-3267	252	4	year	year	NOUN
fsr-3267	252	5	mortgage	mortgage	NOUN
fsr-3267	252	6	reduces	reduce	VERB
fsr-3267	252	7	the	the	DET
fsr-3267	252	8	value	value	NOUN
fsr-3267	252	9	of	of	ADP
fsr-3267	252	10	this	this	DET
fsr-3267	252	11	option	option	NOUN
fsr-3267	252	12	relative	relative	ADJ
fsr-3267	252	13	to	to	ADP
fsr-3267	252	14	the	the	DET
fsr-3267	252	15	30	30	NUM
fsr-3267	252	16	-	-	PUNCT
fsr-3267	252	17	year	year	NOUN
fsr-3267	252	18	,	,	PUNCT
fsr-3267	252	19	and	and	CCONJ
fsr-3267	252	20	in	in	ADP
fsr-3267	252	21	exchange	exchange	NOUN
fsr-3267	252	22	15	15	NUM
fsr-3267	252	23	-	-	PUNCT
fsr-3267	252	24	year	year	NOUN
fsr-3267	252	25	borrowers	borrower	NOUN
fsr-3267	252	26	are	be	AUX
fsr-3267	252	27	compensated	compensate	VERB
fsr-3267	252	28	with	with	ADP
fsr-3267	252	29	a	a	DET
fsr-3267	252	30	higher	high	ADJ
fsr-3267	252	31	irr	irr	NOUN
fsr-3267	252	32	.	.	PUNCT
fsr-3267	253	1	5	5	NUM
fsr-3267	253	2	.	.	X
fsr-3267	253	3	conclusions	conclusion	NOUN
fsr-3267	253	4	we	we	PRON
fsr-3267	253	5	have	have	AUX
fsr-3267	253	6	shown	show	VERB
fsr-3267	253	7	that	that	SCONJ
fsr-3267	253	8	jumbo	jumbo	ADJ
fsr-3267	253	9	loans	loan	NOUN
fsr-3267	253	10	and	and	CCONJ
fsr-3267	253	11	30	30	NUM
fsr-3267	253	12	-	-	PUNCT
fsr-3267	253	13	year	year	NOUN
fsr-3267	253	14	mortgages	mortgage	NOUN
fsr-3267	253	15	can	can	AUX
fsr-3267	253	16	be	be	AUX
fsr-3267	253	17	substantially	substantially	ADV
fsr-3267	253	18	more	more	ADV
fsr-3267	253	19	expensive	expensive	ADJ
fsr-3267	253	20	than	than	ADP
fsr-3267	253	21	conforming	conform	VERB
fsr-3267	253	22	loans	loan	NOUN
fsr-3267	253	23	and	and	CCONJ
fsr-3267	253	24	15	15	NUM
fsr-3267	253	25	-	-	PUNCT
fsr-3267	253	26	year	year	NOUN
fsr-3267	253	27	mortgages	mortgage	NOUN
fsr-3267	253	28	.	.	PUNCT
fsr-3267	254	1	what	what	PRON
fsr-3267	254	2	appears	appear	VERB
fsr-3267	254	3	to	to	PART
fsr-3267	254	4	be	be	AUX
fsr-3267	254	5	only	only	ADV
fsr-3267	254	6	a	a	DET
fsr-3267	254	7	slight	slight	ADJ
fsr-3267	254	8	gap	gap	NOUN
fsr-3267	254	9	in	in	ADP
fsr-3267	254	10	the	the	DET
fsr-3267	254	11	mortgage	mortgage	NOUN
fsr-3267	254	12	rates	rate	NOUN
fsr-3267	254	13	produces	produce	VERB
fsr-3267	254	14	large	large	ADJ
fsr-3267	254	15	net	net	ADJ
fsr-3267	254	16	present	present	ADJ
fsr-3267	254	17	values	value	NOUN
fsr-3267	254	18	and	and	CCONJ
fsr-3267	254	19	internal	internal	ADJ
fsr-3267	254	20	rates	rate	NOUN
fsr-3267	254	21	of	of	ADP
fsr-3267	254	22	return	return	NOUN
fsr-3267	254	23	of	of	ADP
fsr-3267	254	24	marginal	marginal	ADJ
fsr-3267	254	25	cash	cash	NOUN
fsr-3267	254	26	flows	flow	NOUN
fsr-3267	254	27	,	,	PUNCT
fsr-3267	254	28	that	that	ADV
fsr-3267	254	29	is	is	ADV
fsr-3267	254	30	,	,	PUNCT
fsr-3267	254	31	cash	cash	NOUN
fsr-3267	254	32	flows	flow	NOUN
fsr-3267	254	33	of	of	ADP
fsr-3267	254	34	conforming	conform	VERB
fsr-3267	254	35	loans	loan	NOUN
fsr-3267	254	36	compared	compare	VERB
fsr-3267	254	37	with	with	ADP
fsr-3267	254	38	those	those	PRON
fsr-3267	254	39	of	of	ADP
fsr-3267	254	40	jumbo	jumbo	ADJ
fsr-3267	254	41	loans	loan	NOUN
fsr-3267	254	42	,	,	PUNCT
fsr-3267	254	43	and	and	CCONJ
fsr-3267	254	44	of	of	ADP
fsr-3267	254	45	15	15	NUM
fsr-3267	254	46	-	-	PUNCT
fsr-3267	254	47	year	year	NOUN
fsr-3267	254	48	mortgages	mortgage	NOUN
fsr-3267	254	49	relative	relative	ADJ
fsr-3267	254	50	to	to	ADP
fsr-3267	254	51	those	those	PRON
fsr-3267	254	52	of	of	ADP
fsr-3267	254	53	30	30	NUM
fsr-3267	254	54	-	-	PUNCT
fsr-3267	254	55	year	year	NOUN
fsr-3267	254	56	mortgages	mortgage	NOUN
fsr-3267	254	57	.	.	PUNCT
fsr-3267	255	1	the	the	DET
fsr-3267	255	2	“	"	PUNCT
fsr-3267	255	3	conventional	conventional	ADJ
fsr-3267	255	4	wisdom	wisdom	NOUN
fsr-3267	255	5	”	"	PUNCT
fsr-3267	255	6	often	often	ADV
fsr-3267	255	7	steers	steer	VERB
fsr-3267	255	8	homeowners	homeowner	NOUN
fsr-3267	255	9	towards	towards	ADP
fsr-3267	255	10	30	30	NUM
fsr-3267	255	11	-	-	PUNCT
fsr-3267	255	12	year	year	NOUN
fsr-3267	255	13	mortgages	mortgage	NOUN
fsr-3267	255	14	because	because	SCONJ
fsr-3267	255	15	of	of	ADP
fsr-3267	255	16	their	their	PRON
fsr-3267	255	17	“	"	PUNCT
fsr-3267	255	18	greater	great	ADJ
fsr-3267	255	19	flexibility	flexibility	NOUN
fsr-3267	255	20	,	,	PUNCT
fsr-3267	255	21	”	"	PUNCT
fsr-3267	255	22	but	but	CCONJ
fsr-3267	255	23	that	that	SCONJ
fsr-3267	255	24	extra	extra	ADJ
fsr-3267	255	25	flexibility	flexibility	NOUN
fsr-3267	255	26	comes	come	VERB
fsr-3267	255	27	with	with	ADP
fsr-3267	255	28	a	a	DET
fsr-3267	255	29	steep	steep	ADJ
fsr-3267	255	30	cost	cost	NOUN
fsr-3267	255	31	,	,	PUNCT
fsr-3267	255	32	particularly	particularly	ADV
fsr-3267	255	33	for	for	ADP
fsr-3267	255	34	homeowners	homeowner	NOUN
fsr-3267	255	35	who	who	PRON
fsr-3267	255	36	will	will	AUX
fsr-3267	255	37	liquidate	liquidate	VERB
fsr-3267	255	38	the	the	DET
fsr-3267	255	39	mortgage	mortgage	NOUN
fsr-3267	255	40	before	before	ADP
fsr-3267	255	41	maturity	maturity	NOUN
fsr-3267	255	42	.	.	PUNCT
fsr-3267	256	1	we	we	PRON
fsr-3267	256	2	find	find	VERB
fsr-3267	256	3	,	,	PUNCT
fsr-3267	256	4	for	for	ADP
fsr-3267	256	5	example	example	NOUN
fsr-3267	256	6	,	,	PUNCT
fsr-3267	256	7	that	that	SCONJ
fsr-3267	256	8	even	even	ADV
fsr-3267	256	9	on	on	ADP
fsr-3267	256	10	an	an	DET
fsr-3267	256	11	after	after	ADP
fsr-3267	256	12	-	-	PUNCT
fsr-3267	256	13	tax	tax	NOUN
fsr-3267	256	14	basis	basis	NOUN
fsr-3267	256	15	,	,	PUNCT
fsr-3267	256	16	15	15	NUM
fsr-3267	256	17	-	-	PUNCT
fsr-3267	256	18	year	year	NOUN
fsr-3267	256	19	borrowers	borrower	NOUN
fsr-3267	256	20	who	who	PRON
fsr-3267	256	21	will	will	AUX
fsr-3267	256	22	liquidate	liquidate	VERB
fsr-3267	256	23	their	their	PRON
fsr-3267	256	24	mortgages	mortgage	NOUN
fsr-3267	256	25	at	at	ADP
fsr-3267	256	26	the	the	DET
fsr-3267	256	27	median	median	ADJ
fsr-3267	256	28	term	term	NOUN
fsr-3267	256	29	of	of	ADP
fsr-3267	256	30	about	about	ADV
fsr-3267	256	31	seven	seven	NUM
fsr-3267	256	32	years	year	NOUN
fsr-3267	256	33	will	will	AUX
fsr-3267	256	34	earn	earn	VERB
fsr-3267	256	35	a	a	DET
fsr-3267	256	36	riskless	riskless	NOUN
fsr-3267	256	37	internal	internal	ADJ
fsr-3267	256	38	rate	rate	NOUN
fsr-3267	256	39	of	of	ADP
fsr-3267	256	40	return	return	NOUN
fsr-3267	256	41	of	of	ADP
fsr-3267	256	42	about	about	ADV
fsr-3267	256	43	10	10	NUM
fsr-3267	256	44	%	%	NOUN
fsr-3267	256	45	on	on	ADP
fsr-3267	256	46	their	their	PRON
fsr-3267	256	47	marginal	marginal	ADJ
fsr-3267	256	48	cash	cash	NOUN
fsr-3267	256	49	flows	flow	NOUN
fsr-3267	256	50	relative	relative	ADJ
fsr-3267	256	51	to	to	ADP
fsr-3267	256	52	their	their	PRON
fsr-3267	256	53	30	30	NUM
fsr-3267	256	54	-	-	PUNCT
fsr-3267	256	55	year	year	NOUN
fsr-3267	256	56	borrower	borrower	NOUN
fsr-3267	256	57	counterparts	counterpart	NOUN
fsr-3267	256	58	.	.	PUNCT
fsr-3267	257	1	notes	note	VERB
fsr-3267	257	2	1	1	NUM
fsr-3267	257	3	this	this	PRON
fsr-3267	257	4	is	be	AUX
fsr-3267	257	5	just	just	ADV
fsr-3267	257	6	an	an	DET
fsr-3267	257	7	approximation	approximation	NOUN
fsr-3267	257	8	in	in	ADP
fsr-3267	257	9	a	a	DET
fsr-3267	257	10	multi	multi	ADJ
fsr-3267	257	11	-	-	ADJ
fsr-3267	257	12	period	period	ADJ
fsr-3267	257	13	context	context	NOUN
fsr-3267	257	14	because	because	SCONJ
fsr-3267	257	15	the	the	DET
fsr-3267	257	16	loans	loan	NOUN
fsr-3267	257	17	are	be	AUX
fsr-3267	257	18	paid	pay	VERB
fsr-3267	257	19	down	down	ADP
fsr-3267	257	20	at	at	ADP
fsr-3267	257	21	different	different	ADJ
fsr-3267	257	22	rates	rate	NOUN
fsr-3267	257	23	and	and	CCONJ
fsr-3267	257	24	so	so	ADV
fsr-3267	257	25	the	the	DET
fsr-3267	257	26	weights	weight	NOUN
fsr-3267	257	27	change	change	VERB
fsr-3267	257	28	over	over	ADP
fsr-3267	257	29	time	time	NOUN
fsr-3267	257	30	.	.	PUNCT
fsr-3267	258	1	for	for	ADP
fsr-3267	258	2	example	example	NOUN
fsr-3267	258	3	,	,	PUNCT
fsr-3267	258	4	a	a	DET
fsr-3267	258	5	30	30	NUM
fsr-3267	258	6	-	-	PUNCT
fsr-3267	258	7	year	year	NOUN
fsr-3267	258	8	,	,	PUNCT
fsr-3267	258	9	$	$	SYM
fsr-3267	258	10	100,000	100,000	NUM
fsr-3267	258	11	mortgage	mortgage	NOUN
fsr-3267	258	12	at	at	ADP
fsr-3267	258	13	a	a	DET
fsr-3267	258	14	rate	rate	NOUN
fsr-3267	258	15	of	of	ADP
fsr-3267	258	16	0.40%/month	0.40%/month	ADJ
fsr-3267	258	17	requires	require	VERB
fsr-3267	258	18	payments	payment	NOUN
fsr-3267	258	19	of	of	ADP
fsr-3267	258	20	$	$	SYM
fsr-3267	258	21	524.67	524.67	NUM
fsr-3267	258	22	/	/	SYM
fsr-3267	258	23	month	month	NOUN
fsr-3267	258	24	,	,	PUNCT
fsr-3267	258	25	but	but	CCONJ
fsr-3267	258	26	at	at	ADP
fsr-3267	258	27	0.80%/month	0.80%/month	NOUN
fsr-3267	258	28	would	would	AUX
fsr-3267	258	29	require	require	VERB
fsr-3267	258	30	payments	payment	NOUN
fsr-3267	258	31	of	of	ADP
fsr-3267	258	32	$	$	SYM
fsr-3267	258	33	848.16	848.16	NUM
fsr-3267	258	34	/	/	SYM
fsr-3267	258	35	month	month	NOUN
fsr-3267	258	36	.	.	PUNCT
fsr-3267	259	1	however	however	ADV
fsr-3267	259	2	,	,	PUNCT
fsr-3267	259	3	the	the	DET
fsr-3267	259	4	two	two	NUM
fsr-3267	259	5	loans	loan	NOUN
fsr-3267	259	6	combined	combine	VERB
fsr-3267	259	7	do	do	AUX
fsr-3267	259	8	not	not	PART
fsr-3267	259	9	have	have	VERB
fsr-3267	259	10	an	an	DET
fsr-3267	259	11	average	average	ADJ
fsr-3267	259	12	rate	rate	NOUN
fsr-3267	259	13	of	of	ADP
fsr-3267	259	14	exactly	exactly	ADV
fsr-3267	259	15	0.60%/month	0.60%/month	ADJ
fsr-3267	259	16	,	,	PUNCT
fsr-3267	259	17	but	but	CCONJ
fsr-3267	259	18	rather	rather	ADV
fsr-3267	259	19	a	a	DET
fsr-3267	259	20	monthly	monthly	ADJ
fsr-3267	259	21	rate	rate	NOUN
fsr-3267	259	22	satisfying	satisfying	ADJ
fsr-3267	259	23	(	(	PUNCT
fsr-3267	259	24	524.67	524.67	NUM
fsr-3267	259	25	�	�	PROPN
fsr-3267	259	26	848.16)(pvifa360,r%)	848.16)(pvifa360,r%)	NUM
fsr-3267	259	27	�	�	NOUN
fsr-3267	259	28	200,000	200,000	NUM
fsr-3267	259	29	,	,	PUNCT
fsr-3267	259	30	which	which	PRON
fsr-3267	259	31	is	be	AUX
fsr-3267	259	32	closer	close	ADJ
fsr-3267	259	33	to	to	ADP
fsr-3267	259	34	0.61%/	0.61%/	NOUN
fsr-3267	259	35	month	month	NOUN
fsr-3267	259	36	.	.	PUNCT
fsr-3267	260	1	[	[	X
fsr-3267	260	2	throughout	throughout	ADP
fsr-3267	260	3	the	the	DET
fsr-3267	260	4	paper	paper	NOUN
fsr-3267	260	5	we	we	PRON
fsr-3267	260	6	use	use	VERB
fsr-3267	260	7	pvifan	pvifan	NOUN
fsr-3267	260	8	,	,	PUNCT
fsr-3267	260	9	r%	r%	VERB
fsr-3267	260	10	to	to	PART
fsr-3267	260	11	denote	denote	VERB
fsr-3267	260	12	the	the	DET
fsr-3267	260	13	present	present	ADJ
fsr-3267	260	14	value	value	NOUN
fsr-3267	260	15	of	of	ADP
fsr-3267	260	16	an	an	DET
fsr-3267	260	17	table	table	NOUN
fsr-3267	260	18	6	6	NUM
fsr-3267	260	19	a	a	DET
fsr-3267	260	20	comparison	comparison	NOUN
fsr-3267	260	21	of	of	ADP
fsr-3267	260	22	15	15	NUM
fsr-3267	260	23	-	-	PUNCT
fsr-3267	260	24	year	year	NOUN
fsr-3267	260	25	and	and	CCONJ
fsr-3267	260	26	30	30	NUM
fsr-3267	260	27	-	-	PUNCT
fsr-3267	260	28	year	year	NOUN
fsr-3267	260	29	mortgages	mortgage	NOUN
fsr-3267	260	30	initiated	initiate	VERB
fsr-3267	260	31	in	in	ADP
fsr-3267	260	32	january	january	PROPN
fsr-3267	260	33	,	,	PUNCT
fsr-3267	260	34	1992	1992	NUM
fsr-3267	260	35	through	through	ADP
fsr-3267	260	36	january	january	PROPN
fsr-3267	260	37	,	,	PUNCT
fsr-3267	260	38	2013	2013	NUM
fsr-3267	260	39	mortgages	mortgage	NOUN
fsr-3267	260	40	initiated	initiate	VERB
fsr-3267	260	41	in	in	ADP
fsr-3267	260	42	15	15	NUM
fsr-3267	260	43	-	-	PUNCT
fsr-3267	260	44	year	year	NOUN
fsr-3267	260	45	30	30	NUM
fsr-3267	260	46	-	-	PUNCT
fsr-3267	260	47	year	year	NOUN
fsr-3267	260	48	irr	irr	NOUN
fsr-3267	260	49	if	if	SCONJ
fsr-3267	260	50	mortgage	mortgage	NOUN
fsr-3267	260	51	liquidated	liquidate	VERB
fsr-3267	260	52	in	in	ADP
fsr-3267	260	53	apr	apr	NOUN
fsr-3267	260	54	points	point	NOUN
fsr-3267	260	55	apr	apr	NOUN
fsr-3267	260	56	points	point	NOUN
fsr-3267	260	57	1	1	NUM
fsr-3267	260	58	year	year	NOUN
fsr-3267	260	59	7	7	NUM
fsr-3267	260	60	years	year	NOUN
fsr-3267	260	61	15	15	NUM
fsr-3267	260	62	years	year	NOUN
fsr-3267	260	63	30	30	NUM
fsr-3267	260	64	years	year	NOUN
fsr-3267	260	65	january	january	PROPN
fsr-3267	260	66	,	,	PUNCT
fsr-3267	260	67	1992	1992	NUM
fsr-3267	260	68	8.01	8.01	NUM
fsr-3267	260	69	%	%	NOUN
fsr-3267	260	70	1.7	1.7	NUM
fsr-3267	260	71	8.43	8.43	NUM
fsr-3267	260	72	%	%	NOUN
fsr-3267	260	73	1.8	1.8	NUM
fsr-3267	260	74	43.38	43.38	NUM
fsr-3267	260	75	%	%	NOUN
fsr-3267	260	76	12.10	12.10	NUM
fsr-3267	260	77	%	%	NOUN
fsr-3267	260	78	9.58	9.58	NUM
fsr-3267	260	79	%	%	NOUN
fsr-3267	260	80	9.06	9.06	NUM
fsr-3267	260	81	%	%	NOUN
fsr-3267	260	82	january	january	PROPN
fsr-3267	260	83	,	,	PUNCT
fsr-3267	260	84	1995	1995	NUM
fsr-3267	260	85	8.80	8.80	NUM
fsr-3267	260	86	%	%	NOUN
fsr-3267	260	87	1.8	1.8	NUM
fsr-3267	260	88	9.15	9.15	NUM
fsr-3267	260	89	%	%	NOUN
fsr-3267	260	90	1.8	1.8	NUM
fsr-3267	260	91	38.87	38.87	NUM
fsr-3267	260	92	%	%	NOUN
fsr-3267	260	93	12.26	12.26	NUM
fsr-3267	260	94	%	%	NOUN
fsr-3267	260	95	10.12	10.12	NUM
fsr-3267	260	96	%	%	NOUN
fsr-3267	260	97	9.67	9.67	NUM
fsr-3267	260	98	%	%	NOUN
fsr-3267	260	99	january	january	PROPN
fsr-3267	260	100	,	,	PUNCT
fsr-3267	260	101	1998	1998	NUM
fsr-3267	260	102	6.58	6.58	NUM
fsr-3267	260	103	%	%	NOUN
fsr-3267	260	104	1.4	1.4	NUM
fsr-3267	260	105	6.99	6.99	NUM
fsr-3267	260	106	%	%	NOUN
fsr-3267	260	107	1.4	1.4	NUM
fsr-3267	260	108	37.75	37.75	NUM
fsr-3267	260	109	%	%	NOUN
fsr-3267	260	110	10.23	10.23	NUM
fsr-3267	260	111	%	%	NOUN
fsr-3267	260	112	8.00	8.00	NUM
fsr-3267	260	113	%	%	NOUN
fsr-3267	260	114	7.53	7.53	NUM
fsr-3267	260	115	%	%	NOUN
fsr-3267	260	116	january	january	PROPN
fsr-3267	260	117	,	,	PUNCT
fsr-3267	260	118	2001	2001	NUM
fsr-3267	260	119	6.64	6.64	NUM
fsr-3267	260	120	%	%	NOUN
fsr-3267	260	121	0.9	0.9	NUM
fsr-3267	260	122	7.03	7.03	NUM
fsr-3267	260	123	%	%	NOUN
fsr-3267	260	124	0.9	0.9	NUM
fsr-3267	260	125	36.36	36.36	NUM
fsr-3267	260	126	%	%	NOUN
fsr-3267	260	127	10.12	10.12	NUM
fsr-3267	260	128	%	%	NOUN
fsr-3267	260	129	8.00	8.00	NUM
fsr-3267	260	130	%	%	NOUN
fsr-3267	260	131	7.54	7.54	NUM
fsr-3267	260	132	%	%	NOUN
fsr-3267	260	133	january	january	PROPN
fsr-3267	260	134	,	,	PUNCT
fsr-3267	260	135	2004	2004	NUM
fsr-3267	260	136	5.02	5.02	NUM
fsr-3267	260	137	%	%	NOUN
fsr-3267	260	138	0.7	0.7	NUM
fsr-3267	260	139	5.71	5.71	NUM
fsr-3267	260	140	%	%	NOUN
fsr-3267	260	141	0.7	0.7	NUM
fsr-3267	260	142	54.09	54.09	NUM
fsr-3267	260	143	%	%	NOUN
fsr-3267	260	144	10.83	10.83	NUM
fsr-3267	260	145	%	%	NOUN
fsr-3267	260	146	7.33	7.33	NUM
fsr-3267	260	147	%	%	NOUN
fsr-3267	260	148	6.57	6.57	NUM
fsr-3267	260	149	%	%	NOUN
fsr-3267	260	150	january	january	PROPN
fsr-3267	260	151	,	,	PUNCT
fsr-3267	260	152	2007	2007	NUM
fsr-3267	260	153	5.97	5.97	NUM
fsr-3267	260	154	%	%	NOUN
fsr-3267	260	155	0.4	0.4	NUM
fsr-3267	260	156	6.22	6.22	NUM
fsr-3267	260	157	%	%	NOUN
fsr-3267	260	158	0.4	0.4	NUM
fsr-3267	260	159	24.36	24.36	NUM
fsr-3267	260	160	%	%	NOUN
fsr-3267	260	161	8.13	8.13	NUM
fsr-3267	260	162	%	%	NOUN
fsr-3267	260	163	6.82	6.82	NUM
fsr-3267	260	164	%	%	NOUN
fsr-3267	260	165	6.53	6.53	NUM
fsr-3267	260	166	%	%	NOUN
fsr-3267	260	167	january	january	PROPN
fsr-3267	260	168	,	,	PUNCT
fsr-3267	260	169	2010	2010	NUM
fsr-3267	260	170	4.44	4.44	NUM
fsr-3267	260	171	%	%	NOUN
fsr-3267	260	172	0.6	0.6	NUM
fsr-3267	260	173	5.03	5.03	NUM
fsr-3267	260	174	%	%	NOUN
fsr-3267	260	175	0.7	0.7	NUM
fsr-3267	260	176	54.33	54.33	NUM
fsr-3267	260	177	%	%	NOUN
fsr-3267	260	178	9.39	9.39	NUM
fsr-3267	260	179	%	%	NOUN
fsr-3267	260	180	6.41	6.41	NUM
fsr-3267	260	181	%	%	NOUN
fsr-3267	260	182	5.76	5.76	NUM
fsr-3267	260	183	%	%	NOUN
fsr-3267	260	184	january	january	PROPN
fsr-3267	260	185	,	,	PUNCT
fsr-3267	260	186	2013	2013	NUM
fsr-3267	260	187	2.70	2.70	NUM
fsr-3267	260	188	%	%	NOUN
fsr-3267	260	189	0.7	0.7	NUM
fsr-3267	260	190	3.41	3.41	NUM
fsr-3267	260	191	%	%	NOUN
fsr-3267	260	192	0.7	0.7	NUM
fsr-3267	260	193	49.07	49.07	NUM
fsr-3267	260	194	%	%	NOUN
fsr-3267	260	195	8.27	8.27	NUM
fsr-3267	260	196	%	%	NOUN
fsr-3267	260	197	4.94	4.94	NUM
fsr-3267	260	198	%	%	NOUN
fsr-3267	260	199	4.21	4.21	NUM
fsr-3267	260	200	%	%	NOUN
fsr-3267	260	201	note	note	NOUN
fsr-3267	260	202	.	.	PUNCT
fsr-3267	261	1	specified	specified	ADJ
fsr-3267	261	2	irrs	irr	NOUN
fsr-3267	261	3	are	be	AUX
fsr-3267	261	4	for	for	ADP
fsr-3267	261	5	the	the	DET
fsr-3267	261	6	marginal	marginal	ADJ
fsr-3267	261	7	cash	cash	NOUN
fsr-3267	261	8	flows	flow	NOUN
fsr-3267	261	9	incurred	incur	VERB
fsr-3267	261	10	by	by	ADP
fsr-3267	261	11	a	a	DET
fsr-3267	261	12	15	15	NUM
fsr-3267	261	13	-	-	PUNCT
fsr-3267	261	14	year	year	NOUN
fsr-3267	261	15	mortgagor	mortgagor	NOUN
fsr-3267	261	16	relative	relative	ADJ
fsr-3267	261	17	to	to	ADP
fsr-3267	261	18	those	those	PRON
fsr-3267	261	19	of	of	ADP
fsr-3267	261	20	a	a	DET
fsr-3267	261	21	30	30	NUM
fsr-3267	261	22	-	-	PUNCT
fsr-3267	261	23	year	year	NOUN
fsr-3267	261	24	mortgagor	mortgagor	NOUN
fsr-3267	261	25	.	.	PUNCT
fsr-3267	262	1	apr	apr	NOUN
fsr-3267	262	2	and	and	CCONJ
fsr-3267	262	3	points	point	NOUN
fsr-3267	262	4	are	be	AUX
fsr-3267	262	5	taken	take	VERB
fsr-3267	262	6	from	from	ADP
fsr-3267	262	7	the	the	DET
fsr-3267	262	8	freddie	freddie	PROPN
fsr-3267	262	9	mac	mac	PROPN
fsr-3267	262	10	website	website	NOUN
fsr-3267	262	11	.	.	PUNCT
fsr-3267	263	1	the	the	DET
fsr-3267	263	2	borrower	borrower	NOUN
fsr-3267	263	3	is	be	AUX
fsr-3267	263	4	assumed	assume	VERB
fsr-3267	263	5	to	to	PART
fsr-3267	263	6	have	have	VERB
fsr-3267	263	7	a	a	DET
fsr-3267	263	8	33	33	NUM
fsr-3267	263	9	%	%	NOUN
fsr-3267	263	10	marginal	marginal	ADJ
fsr-3267	263	11	tax	tax	NOUN
fsr-3267	263	12	rate	rate	NOUN
fsr-3267	263	13	.	.	PUNCT
fsr-3267	264	1	irrs	irrs	PROPN
fsr-3267	264	2	are	be	AUX
fsr-3267	264	3	expressed	express	VERB
fsr-3267	264	4	as	as	ADP
fsr-3267	264	5	aprs	aprs	NOUN
fsr-3267	264	6	and	and	CCONJ
fsr-3267	264	7	on	on	ADP
fsr-3267	264	8	a	a	DET
fsr-3267	264	9	pre	pre	ADJ
fsr-3267	264	10	-	-	ADJ
fsr-3267	264	11	tax	tax	ADJ
fsr-3267	264	12	basis	basis	NOUN
fsr-3267	264	13	,	,	PUNCT
fsr-3267	264	14	that	that	ADV
fsr-3267	264	15	is	is	ADV
fsr-3267	264	16	,	,	PUNCT
fsr-3267	264	17	pre	pre	ADJ
fsr-3267	264	18	-	-	ADJ
fsr-3267	264	19	tax	tax	ADJ
fsr-3267	264	20	irr	irr	NOUN
fsr-3267	264	21	�	�	PROPN
fsr-3267	264	22	(	(	PUNCT
fsr-3267	264	23	after	after	ADP
fsr-3267	264	24	-	-	PUNCT
fsr-3267	264	25	tax	tax	NOUN
fsr-3267	264	26	irr)/(1	irr)/(1	NOUN
fsr-3267	264	27	-	-	PUNCT
fsr-3267	264	28	tax	tax	NOUN
fsr-3267	264	29	rate	rate	NOUN
fsr-3267	264	30	)	)	PUNCT
fsr-3267	264	31	.	.	PUNCT
fsr-3267	265	1	irr	irr	PROPN
fsr-3267	265	2	�	�	PROPN
fsr-3267	265	3	internal	internal	ADJ
fsr-3267	265	4	rate	rate	NOUN
fsr-3267	265	5	of	of	ADP
fsr-3267	265	6	return	return	NOUN
fsr-3267	265	7	;	;	PUNCT
fsr-3267	265	8	apr	apr	PROPN
fsr-3267	265	9	�	�	PROPN
fsr-3267	265	10	annual	annual	ADJ
fsr-3267	265	11	percentage	percentage	NOUN
fsr-3267	265	12	rate	rate	NOUN
fsr-3267	265	13	.	.	PUNCT
fsr-3267	266	1	101j	101j	PROPN
fsr-3267	266	2	.	.	PUNCT
fsr-3267	267	1	musumeci	musumeci	PROPN
fsr-3267	267	2	/	/	SYM
fsr-3267	267	3	financial	financial	ADJ
fsr-3267	267	4	services	service	NOUN
fsr-3267	267	5	review	review	VERB
fsr-3267	267	6	25	25	NUM
fsr-3267	267	7	(	(	PUNCT
fsr-3267	267	8	2016	2016	NUM
fsr-3267	267	9	)	)	PUNCT
fsr-3267	267	10	87–104	87–104	PROPN
fsr-3267	267	11	annuity	annuity	NOUN
fsr-3267	267	12	of	of	ADP
fsr-3267	267	13	$	$	SYM
fsr-3267	267	14	1	1	NUM
fsr-3267	267	15	per	per	ADP
fsr-3267	267	16	period	period	NOUN
fsr-3267	267	17	at	at	ADP
fsr-3267	267	18	a	a	DET
fsr-3267	267	19	discount	discount	NOUN
fsr-3267	267	20	rate	rate	NOUN
fsr-3267	267	21	of	of	ADP
fsr-3267	267	22	r%	r%	NOUN
fsr-3267	267	23	per	per	ADP
fsr-3267	267	24	peiord	peiord	NOUN
fsr-3267	267	25	.	.	PUNCT
fsr-3267	268	1	this	this	PRON
fsr-3267	268	2	can	can	AUX
fsr-3267	268	3	be	be	AUX
fsr-3267	268	4	calculated	calculate	VERB
fsr-3267	268	5	as	as	ADP
fsr-3267	268	6	pvifan	pvifan	NOUN
fsr-3267	268	7	,	,	PUNCT
fsr-3267	268	8	r%	r%	VERB
fsr-3267	268	9	�	�	PROPN
fsr-3267	268	10	1	1	NUM
fsr-3267	268	11	r	r	NOUN
fsr-3267	268	12	�	�	PROPN
fsr-3267	268	13	1	1	NUM
fsr-3267	268	14	�	�	PROPN
fsr-3267	268	15	1	1	NUM
fsr-3267	268	16	�	�	PROPN
fsr-3267	268	17	1	1	NUM
fsr-3267	268	18	�	�	PROPN
fsr-3267	268	19	r	r	NOUN
fsr-3267	268	20	�	�	PROPN
fsr-3267	268	21	n	n	SYM
fsr-3267	268	22	�	�	PROPN
fsr-3267	268	23	,	,	PUNCT
fsr-3267	268	24	where	where	SCONJ
fsr-3267	268	25	r	r	NOUN
fsr-3267	268	26	is	be	AUX
fsr-3267	268	27	expressed	express	VERB
fsr-3267	268	28	as	as	ADP
fsr-3267	268	29	a	a	DET
fsr-3267	268	30	decimal	decimal	ADJ
fsr-3267	268	31	,	,	PUNCT
fsr-3267	268	32	not	not	PART
fsr-3267	268	33	a	a	DET
fsr-3267	268	34	percent	percent	NOUN
fsr-3267	268	35	.	.	PUNCT
fsr-3267	268	36	]	]	PUNCT
fsr-3267	269	1	for	for	ADP
fsr-3267	269	2	a	a	DET
fsr-3267	269	3	further	further	ADJ
fsr-3267	269	4	discussion	discussion	NOUN
fsr-3267	269	5	of	of	ADP
fsr-3267	269	6	this	this	DET
fsr-3267	269	7	issue	issue	NOUN
fsr-3267	269	8	,	,	PUNCT
fsr-3267	269	9	and	and	CCONJ
fsr-3267	269	10	for	for	ADP
fsr-3267	269	11	conditions	condition	NOUN
fsr-3267	269	12	under	under	ADP
fsr-3267	269	13	which	which	PRON
fsr-3267	269	14	the	the	DET
fsr-3267	269	15	relationship	relationship	NOUN
fsr-3267	269	16	holds	hold	VERB
fsr-3267	269	17	exactly	exactly	ADV
fsr-3267	269	18	,	,	PUNCT
fsr-3267	269	19	see	see	VERB
fsr-3267	269	20	miles	mile	NOUN
fsr-3267	269	21	and	and	CCONJ
fsr-3267	269	22	ezzell	ezzell	PROPN
fsr-3267	269	23	(	(	PUNCT
fsr-3267	269	24	1980	1980	NUM
fsr-3267	269	25	)	)	PUNCT
fsr-3267	269	26	.	.	PUNCT
fsr-3267	270	1	2	2	NUM
fsr-3267	270	2	a	a	DET
fsr-3267	270	3	reservation	reservation	NOUN
fsr-3267	270	4	price	price	NOUN
fsr-3267	270	5	is	be	AUX
fsr-3267	270	6	generally	generally	ADV
fsr-3267	270	7	defined	define	VERB
fsr-3267	270	8	to	to	PART
fsr-3267	270	9	be	be	AUX
fsr-3267	270	10	the	the	DET
fsr-3267	270	11	greatest	great	ADJ
fsr-3267	270	12	price	price	NOUN
fsr-3267	270	13	an	an	DET
fsr-3267	270	14	individual	individual	NOUN
fsr-3267	270	15	is	be	AUX
fsr-3267	270	16	willing	willing	ADJ
fsr-3267	270	17	to	to	PART
fsr-3267	270	18	pay	pay	VERB
fsr-3267	270	19	for	for	ADP
fsr-3267	270	20	something	something	PRON
fsr-3267	270	21	,	,	PUNCT
fsr-3267	270	22	or	or	CCONJ
fsr-3267	270	23	the	the	DET
fsr-3267	270	24	lowest	low	ADJ
fsr-3267	270	25	price	price	NOUN
fsr-3267	270	26	he	he	PRON
fsr-3267	270	27	will	will	AUX
fsr-3267	270	28	accept	accept	VERB
fsr-3267	270	29	if	if	SCONJ
fsr-3267	270	30	he	he	PRON
fsr-3267	270	31	is	be	AUX
fsr-3267	270	32	the	the	DET
fsr-3267	270	33	seller	seller	NOUN
fsr-3267	270	34	.	.	PUNCT
fsr-3267	271	1	in	in	ADP
fsr-3267	271	2	this	this	DET
fsr-3267	271	3	context	context	NOUN
fsr-3267	271	4	,	,	PUNCT
fsr-3267	271	5	it	it	PRON
fsr-3267	271	6	refers	refer	VERB
fsr-3267	271	7	to	to	ADP
fsr-3267	271	8	the	the	DET
fsr-3267	271	9	highest	high	ADJ
fsr-3267	271	10	rate	rate	NOUN
fsr-3267	271	11	the	the	DET
fsr-3267	271	12	mortgagor	mortgagor	NOUN
fsr-3267	271	13	is	be	AUX
fsr-3267	271	14	willing	willing	ADJ
fsr-3267	271	15	to	to	PART
fsr-3267	271	16	pay	pay	VERB
fsr-3267	271	17	for	for	ADP
fsr-3267	271	18	a	a	DET
fsr-3267	271	19	loan	loan	NOUN
fsr-3267	271	20	.	.	PUNCT
fsr-3267	272	1	3	3	NUM
fsr-3267	272	2	there	there	PRON
fsr-3267	272	3	are	be	VERB
fsr-3267	272	4	several	several	ADJ
fsr-3267	272	5	differences	difference	NOUN
fsr-3267	272	6	in	in	ADP
fsr-3267	272	7	the	the	DET
fsr-3267	272	8	approach	approach	NOUN
fsr-3267	272	9	taken	take	VERB
fsr-3267	272	10	here	here	ADV
fsr-3267	272	11	and	and	CCONJ
fsr-3267	272	12	that	that	SCONJ
fsr-3267	272	13	taken	take	VERB
fsr-3267	272	14	by	by	ADP
fsr-3267	272	15	goff	goff	PROPN
fsr-3267	272	16	and	and	CCONJ
fsr-3267	272	17	cox	cox	PROPN
fsr-3267	272	18	.	.	PUNCT
fsr-3267	273	1	first	first	ADV
fsr-3267	273	2	,	,	PUNCT
fsr-3267	273	3	while	while	SCONJ
fsr-3267	273	4	their	their	PRON
fsr-3267	273	5	assumptions	assumption	NOUN
fsr-3267	273	6	of	of	ADP
fsr-3267	273	7	a	a	DET
fsr-3267	273	8	0.5	0.5	NUM
fsr-3267	273	9	%	%	NOUN
fsr-3267	273	10	gap	gap	NOUN
fsr-3267	273	11	(	(	PUNCT
fsr-3267	273	12	7.5	7.5	NUM
fsr-3267	273	13	%	%	NOUN
fsr-3267	273	14	vs.	vs.	ADP
fsr-3267	273	15	8.0	8.0	NUM
fsr-3267	273	16	%	%	NOUN
fsr-3267	273	17	)	)	PUNCT
fsr-3267	273	18	between	between	ADP
fsr-3267	273	19	15	15	NUM
fsr-3267	273	20	-	-	PUNCT
fsr-3267	273	21	year	year	NOUN
fsr-3267	273	22	and	and	CCONJ
fsr-3267	273	23	30	30	NUM
fsr-3267	273	24	-	-	PUNCT
fsr-3267	273	25	year	year	NOUN
fsr-3267	273	26	rates	rate	NOUN
fsr-3267	273	27	was	be	AUX
fsr-3267	273	28	conservative	conservative	ADJ
fsr-3267	273	29	for	for	ADP
fsr-3267	273	30	its	its	PRON
fsr-3267	273	31	time	time	NOUN
fsr-3267	273	32	—	—	PUNCT
fsr-3267	273	33	the	the	DET
fsr-3267	273	34	freddie	freddie	PROPN
fsr-3267	273	35	mac	mac	PROPN
fsr-3267	273	36	survey	survey	NOUN
fsr-3267	273	37	reports	report	VERB
fsr-3267	273	38	an	an	DET
fsr-3267	273	39	average	average	ADJ
fsr-3267	273	40	gap	gap	NOUN
fsr-3267	273	41	of	of	ADP
fsr-3267	273	42	only	only	ADV
fsr-3267	273	43	0.36	0.36	NUM
fsr-3267	273	44	%	%	NOUN
fsr-3267	273	45	(	(	PUNCT
fsr-3267	273	46	6.78	6.78	NUM
fsr-3267	273	47	%	%	NOUN
fsr-3267	273	48	vs.	vs.	ADP
fsr-3267	273	49	7.14	7.14	NUM
fsr-3267	273	50	%	%	NOUN
fsr-3267	273	51	)	)	PUNCT
fsr-3267	273	52	in	in	ADP
fsr-3267	273	53	april	april	PROPN
fsr-3267	273	54	,	,	PUNCT
fsr-3267	273	55	1988	1988	NUM
fsr-3267	273	56	—	—	PUNCT
fsr-3267	273	57	it	it	PRON
fsr-3267	273	58	is	be	AUX
fsr-3267	273	59	rather	rather	ADV
fsr-3267	273	60	small	small	ADJ
fsr-3267	273	61	by	by	ADP
fsr-3267	273	62	today	today	NOUN
fsr-3267	273	63	’s	’s	PART
fsr-3267	273	64	standards	standard	NOUN
fsr-3267	273	65	.	.	PUNCT
fsr-3267	274	1	for	for	ADP
fsr-3267	274	2	example	example	NOUN
fsr-3267	274	3	,	,	PUNCT
fsr-3267	274	4	the	the	DET
fsr-3267	274	5	freddie	freddie	PROPN
fsr-3267	274	6	mac	mac	PROPN
fsr-3267	274	7	survey	survey	NOUN
fsr-3267	274	8	indicates	indicate	VERB
fsr-3267	274	9	that	that	SCONJ
fsr-3267	274	10	as	as	ADP
fsr-3267	274	11	of	of	ADP
fsr-3267	274	12	january	january	PROPN
fsr-3267	274	13	,	,	PUNCT
fsr-3267	274	14	2014	2014	NUM
fsr-3267	274	15	,	,	PUNCT
fsr-3267	274	16	the	the	DET
fsr-3267	274	17	average	average	ADJ
fsr-3267	274	18	gap	gap	NOUN
fsr-3267	274	19	was	be	AUX
fsr-3267	274	20	95	95	NUM
fsr-3267	274	21	basis	basis	NOUN
fsr-3267	274	22	points	point	NOUN
fsr-3267	274	23	(	(	PUNCT
fsr-3267	274	24	3.48	3.48	NUM
fsr-3267	274	25	%	%	NOUN
fsr-3267	274	26	vs.	vs.	ADP
fsr-3267	274	27	4.43	4.43	NUM
fsr-3267	274	28	%	%	NOUN
fsr-3267	274	29	)	)	PUNCT
fsr-3267	274	30	.	.	PUNCT
fsr-3267	275	1	second	second	ADV
fsr-3267	275	2	,	,	PUNCT
fsr-3267	275	3	their	their	PRON
fsr-3267	275	4	framework	framework	NOUN
fsr-3267	275	5	mixes	mix	VERB
fsr-3267	275	6	the	the	DET
fsr-3267	275	7	fairly	fairly	ADV
fsr-3267	275	8	riskless	riskless	NOUN
fsr-3267	275	9	cash	cash	NOUN
fsr-3267	275	10	flows	flow	NOUN
fsr-3267	275	11	from	from	ADP
fsr-3267	275	12	a	a	DET
fsr-3267	275	13	mortgage	mortgage	NOUN
fsr-3267	275	14	with	with	ADP
fsr-3267	275	15	the	the	DET
fsr-3267	275	16	relatively	relatively	ADV
fsr-3267	275	17	riskier	risky	ADJ
fsr-3267	275	18	cash	cash	NOUN
fsr-3267	275	19	flows	flow	NOUN
fsr-3267	275	20	from	from	ADP
fsr-3267	275	21	investing	invest	VERB
fsr-3267	275	22	in	in	ADP
fsr-3267	275	23	equity	equity	NOUN
fsr-3267	275	24	(	(	PUNCT
fsr-3267	275	25	and	and	CCONJ
fsr-3267	275	26	while	while	SCONJ
fsr-3267	275	27	it	it	PRON
fsr-3267	275	28	is	be	AUX
fsr-3267	275	29	true	true	ADJ
fsr-3267	275	30	that	that	SCONJ
fsr-3267	275	31	both	both	CCONJ
fsr-3267	275	32	their	their	PRON
fsr-3267	275	33	investors	investor	NOUN
fsr-3267	275	34	ultimately	ultimately	ADV
fsr-3267	275	35	invest	invest	VERB
fsr-3267	275	36	some	some	DET
fsr-3267	275	37	marginal	marginal	ADJ
fsr-3267	275	38	cash	cash	NOUN
fsr-3267	275	39	flows	flow	NOUN
fsr-3267	275	40	in	in	ADP
fsr-3267	275	41	equity	equity	NOUN
fsr-3267	275	42	,	,	PUNCT
fsr-3267	275	43	the	the	DET
fsr-3267	275	44	30	30	NUM
fsr-3267	275	45	-	-	PUNCT
fsr-3267	275	46	year	year	NOUN
fsr-3267	275	47	borrower	borrower	NOUN
fsr-3267	275	48	is	be	AUX
fsr-3267	275	49	doing	do	VERB
fsr-3267	275	50	so	so	ADV
fsr-3267	275	51	for	for	ADP
fsr-3267	275	52	a	a	DET
fsr-3267	275	53	longer	long	ADJ
fsr-3267	275	54	time	time	NOUN
fsr-3267	275	55	and	and	CCONJ
fsr-3267	275	56	,	,	PUNCT
fsr-3267	275	57	therefore	therefore	ADV
fsr-3267	275	58	,	,	PUNCT
fsr-3267	275	59	is	be	AUX
fsr-3267	275	60	subject	subject	ADJ
fsr-3267	275	61	to	to	ADP
fsr-3267	275	62	more	more	ADJ
fsr-3267	275	63	risk	risk	NOUN
fsr-3267	275	64	)	)	PUNCT
fsr-3267	275	65	,	,	PUNCT
fsr-3267	275	66	while	while	SCONJ
fsr-3267	275	67	this	this	DET
fsr-3267	275	68	article	article	NOUN
fsr-3267	275	69	compares	compare	VERB
fsr-3267	275	70	the	the	DET
fsr-3267	275	71	riskless	riskless	NOUN
fsr-3267	275	72	cash	cash	NOUN
fsr-3267	275	73	flows	flow	NOUN
fsr-3267	275	74	with	with	ADP
fsr-3267	275	75	each	each	DET
fsr-3267	275	76	other	other	ADJ
fsr-3267	275	77	by	by	ADP
fsr-3267	275	78	focusing	focus	VERB
fsr-3267	275	79	on	on	ADP
fsr-3267	275	80	irr	irr	NOUN
fsr-3267	275	81	of	of	ADP
fsr-3267	275	82	the	the	DET
fsr-3267	275	83	marginal	marginal	ADJ
fsr-3267	275	84	cash	cash	NOUN
fsr-3267	275	85	flows	flow	NOUN
fsr-3267	275	86	.	.	PUNCT
fsr-3267	276	1	finally	finally	ADV
fsr-3267	276	2	,	,	PUNCT
fsr-3267	276	3	while	while	SCONJ
fsr-3267	276	4	their	their	PRON
fsr-3267	276	5	analysis	analysis	NOUN
fsr-3267	276	6	centered	center	VERB
fsr-3267	276	7	on	on	ADP
fsr-3267	276	8	a	a	DET
fsr-3267	276	9	borrower	borrower	NOUN
fsr-3267	276	10	who	who	PRON
fsr-3267	276	11	will	will	AUX
fsr-3267	276	12	keep	keep	VERB
fsr-3267	276	13	the	the	DET
fsr-3267	276	14	house	house	NOUN
fsr-3267	276	15	for	for	ADP
fsr-3267	276	16	at	at	ADV
fsr-3267	276	17	least	least	ADV
fsr-3267	276	18	30	30	NUM
fsr-3267	276	19	years	year	NOUN
fsr-3267	276	20	,	,	PUNCT
fsr-3267	276	21	we	we	PRON
fsr-3267	276	22	consider	consider	VERB
fsr-3267	276	23	a	a	DET
fsr-3267	276	24	number	number	NOUN
fsr-3267	276	25	of	of	ADP
fsr-3267	276	26	possible	possible	ADJ
fsr-3267	276	27	dates	date	NOUN
fsr-3267	276	28	on	on	ADP
fsr-3267	276	29	which	which	PRON
fsr-3267	276	30	the	the	DET
fsr-3267	276	31	mortgage	mortgage	NOUN
fsr-3267	276	32	is	be	AUX
fsr-3267	276	33	prepaid	prepay	VERB
fsr-3267	276	34	.	.	PUNCT
fsr-3267	277	1	nevertheless	nevertheless	ADV
fsr-3267	277	2	,	,	PUNCT
fsr-3267	277	3	their	their	PRON
fsr-3267	277	4	article	article	NOUN
fsr-3267	277	5	presents	present	VERB
fsr-3267	277	6	a	a	DET
fsr-3267	277	7	number	number	NOUN
fsr-3267	277	8	of	of	ADP
fsr-3267	277	9	conditions	condition	NOUN
fsr-3267	277	10	that	that	PRON
fsr-3267	277	11	favor	favor	VERB
fsr-3267	277	12	the	the	DET
fsr-3267	277	13	30	30	NUM
fsr-3267	277	14	-	-	PUNCT
fsr-3267	277	15	year	year	NOUN
fsr-3267	277	16	mortgage	mortgage	NOUN
fsr-3267	277	17	.	.	PUNCT
fsr-3267	278	1	4	4	NUM
fsr-3267	278	2	for	for	ADP
fsr-3267	278	3	example	example	NOUN
fsr-3267	278	4	,	,	PUNCT
fsr-3267	278	5	while	while	SCONJ
fsr-3267	278	6	amromin	amromin	PROPN
fsr-3267	278	7	,	,	PUNCT
fsr-3267	278	8	huang	huang	PROPN
fsr-3267	278	9	,	,	PUNCT
fsr-3267	278	10	and	and	CCONJ
fsr-3267	278	11	sialm	sialm	NOUN
fsr-3267	278	12	(	(	PUNCT
fsr-3267	278	13	2007	2007	NUM
fsr-3267	278	14	)	)	PUNCT
fsr-3267	278	15	focus	focus	NOUN
fsr-3267	278	16	on	on	ADP
fsr-3267	278	17	prepayment	prepayment	NOUN
fsr-3267	278	18	of	of	ADP
fsr-3267	278	19	existing	exist	VERB
fsr-3267	278	20	mortgages	mortgage	NOUN
fsr-3267	278	21	rather	rather	ADV
fsr-3267	278	22	than	than	ADP
fsr-3267	278	23	the	the	DET
fsr-3267	278	24	choice	choice	NOUN
fsr-3267	278	25	between	between	ADP
fsr-3267	278	26	mortgages	mortgage	NOUN
fsr-3267	278	27	,	,	PUNCT
fsr-3267	278	28	they	they	PRON
fsr-3267	278	29	do	do	AUX
fsr-3267	278	30	classify	classify	VERB
fsr-3267	278	31	“	"	PUNCT
fsr-3267	278	32	taking	take	VERB
fsr-3267	278	33	out	out	ADP
fsr-3267	278	34	a	a	DET
fsr-3267	278	35	mortgage	mortgage	NOUN
fsr-3267	278	36	with	with	ADP
fsr-3267	278	37	a	a	DET
fsr-3267	278	38	maturity	maturity	NOUN
fsr-3267	278	39	shorter	short	ADJ
fsr-3267	278	40	than	than	ADP
fsr-3267	278	41	the	the	DET
fsr-3267	278	42	standard	standard	ADJ
fsr-3267	278	43	30	30	NUM
fsr-3267	278	44	years	year	NOUN
fsr-3267	278	45	”	"	PUNCT
fsr-3267	278	46	as	as	ADP
fsr-3267	278	47	a	a	DET
fsr-3267	278	48	form	form	NOUN
fsr-3267	278	49	of	of	ADP
fsr-3267	278	50	“	"	PUNCT
fsr-3267	278	51	mortgage	mortgage	NOUN
fsr-3267	278	52	prepayment	prepayment	NOUN
fsr-3267	278	53	,	,	PUNCT
fsr-3267	278	54	”	"	PUNCT
fsr-3267	278	55	which	which	PRON
fsr-3267	278	56	they	they	PRON
fsr-3267	278	57	conclude	conclude	VERB
fsr-3267	278	58	is	be	AUX
fsr-3267	278	59	inferior	inferior	ADJ
fsr-3267	278	60	to	to	ADP
fsr-3267	278	61	investing	invest	VERB
fsr-3267	278	62	the	the	DET
fsr-3267	278	63	marginal	marginal	ADJ
fsr-3267	278	64	proceeds	proceed	NOUN
fsr-3267	278	65	in	in	ADP
fsr-3267	278	66	a	a	DET
fsr-3267	278	67	tax	tax	NOUN
fsr-3267	278	68	-	-	PUNCT
fsr-3267	278	69	deferred	defer	VERB
fsr-3267	278	70	account	account	NOUN
fsr-3267	278	71	.	.	PUNCT
fsr-3267	279	1	we	we	PRON
fsr-3267	279	2	find	find	VERB
fsr-3267	279	3	that	that	SCONJ
fsr-3267	279	4	,	,	PUNCT
fsr-3267	279	5	even	even	ADV
fsr-3267	279	6	when	when	SCONJ
fsr-3267	279	7	taxes	taxis	NOUN
fsr-3267	279	8	are	be	AUX
fsr-3267	279	9	considered	consider	VERB
fsr-3267	279	10	,	,	PUNCT
fsr-3267	279	11	the	the	DET
fsr-3267	279	12	lower	low	ADJ
fsr-3267	279	13	rate	rate	NOUN
fsr-3267	279	14	on	on	ADP
fsr-3267	279	15	a	a	DET
fsr-3267	279	16	15	15	NUM
fsr-3267	279	17	-	-	PUNCT
fsr-3267	279	18	year	year	NOUN
fsr-3267	279	19	mortgage	mortgage	NOUN
fsr-3267	279	20	typically	typically	ADV
fsr-3267	279	21	makes	make	VERB
fsr-3267	279	22	it	it	PRON
fsr-3267	279	23	a	a	DET
fsr-3267	279	24	better	well	ADJ
fsr-3267	279	25	choice	choice	NOUN
fsr-3267	279	26	.	.	PUNCT
fsr-3267	280	1	5	5	NUM
fsr-3267	280	2	more	more	ADV
fsr-3267	280	3	extreme	extreme	ADJ
fsr-3267	280	4	theoretical	theoretical	ADJ
fsr-3267	280	5	examples	example	NOUN
fsr-3267	280	6	are	be	AUX
fsr-3267	280	7	possible	possible	ADJ
fsr-3267	280	8	.	.	PUNCT
fsr-3267	281	1	for	for	ADP
fsr-3267	281	2	example	example	NOUN
fsr-3267	281	3	,	,	PUNCT
fsr-3267	281	4	suppose	suppose	VERB
fsr-3267	281	5	the	the	DET
fsr-3267	281	6	apr	apr	NOUN
fsr-3267	281	7	on	on	ADP
fsr-3267	281	8	the	the	DET
fsr-3267	281	9	30	30	NUM
fsr-3267	281	10	-	-	PUNCT
fsr-3267	281	11	year	year	NOUN
fsr-3267	281	12	were	be	AUX
fsr-3267	281	13	8.4	8.4	NUM
fsr-3267	281	14	%	%	NOUN
fsr-3267	281	15	.	.	PUNCT
fsr-3267	282	1	now	now	ADV
fsr-3267	282	2	the	the	DET
fsr-3267	282	3	monthly	monthly	ADJ
fsr-3267	282	4	payments	payment	NOUN
fsr-3267	282	5	of	of	ADP
fsr-3267	282	6	$	$	SYM
fsr-3267	282	7	3812.30	3812.30	NUM
fsr-3267	282	8	on	on	ADP
fsr-3267	282	9	the	the	DET
fsr-3267	282	10	30	30	NUM
fsr-3267	282	11	-	-	PUNCT
fsr-3267	282	12	year	year	NOUN
fsr-3267	282	13	mortgage	mortgage	NOUN
fsr-3267	282	14	would	would	AUX
fsr-3267	282	15	exceed	exceed	VERB
fsr-3267	282	16	those	those	PRON
fsr-3267	282	17	on	on	ADP
fsr-3267	282	18	the	the	DET
fsr-3267	282	19	15	15	NUM
fsr-3267	282	20	-	-	PUNCT
fsr-3267	282	21	year	year	NOUN
fsr-3267	282	22	.	.	PUNCT
fsr-3267	283	1	clearly	clearly	ADV
fsr-3267	283	2	this	this	PRON
fsr-3267	283	3	is	be	AUX
fsr-3267	283	4	impossible	impossible	ADJ
fsr-3267	283	5	in	in	ADP
fsr-3267	283	6	any	any	DET
fsr-3267	283	7	reasonable	reasonable	ADJ
fsr-3267	283	8	kind	kind	NOUN
fsr-3267	283	9	of	of	ADP
fsr-3267	283	10	equilibrium	equilibrium	NOUN
fsr-3267	283	11	,	,	PUNCT
fsr-3267	283	12	so	so	SCONJ
fsr-3267	283	13	that	that	SCONJ
fsr-3267	283	14	the	the	DET
fsr-3267	283	15	rate	rate	NOUN
fsr-3267	283	16	on	on	ADP
fsr-3267	283	17	the	the	DET
fsr-3267	283	18	15	15	NUM
fsr-3267	283	19	-	-	PUNCT
fsr-3267	283	20	year	year	NOUN
fsr-3267	283	21	mortgage	mortgage	NOUN
fsr-3267	283	22	establishes	establish	VERB
fsr-3267	283	23	an	an	DET
fsr-3267	283	24	upper	upper	ADJ
fsr-3267	283	25	bound	bind	VERB
fsr-3267	283	26	on	on	ADP
fsr-3267	283	27	that	that	PRON
fsr-3267	283	28	of	of	ADP
fsr-3267	283	29	the	the	DET
fsr-3267	283	30	30	30	NUM
fsr-3267	283	31	-	-	PUNCT
fsr-3267	283	32	year	year	NOUN
fsr-3267	283	33	.	.	PUNCT
fsr-3267	284	1	6	6	NUM
fsr-3267	284	2	fvifan	fvifan	PROPN
fsr-3267	284	3	,	,	PUNCT
fsr-3267	284	4	r%	r%	VERB
fsr-3267	284	5	�	�	PROPN
fsr-3267	284	6	1	1	NUM
fsr-3267	284	7	r	r	NOUN
fsr-3267	284	8	�	�	PROPN
fsr-3267	284	9	�	�	PROPN
fsr-3267	284	10	1	1	NUM
fsr-3267	284	11	�	�	PROPN
fsr-3267	284	12	r	r	NOUN
fsr-3267	284	13	�	�	PROPN
fsr-3267	284	14	n	n	CCONJ
fsr-3267	284	15	�	�	PROPN
fsr-3267	284	16	1	1	NUM
fsr-3267	284	17	�	�	PROPN
fsr-3267	284	18	denotes	denote	VERB
fsr-3267	284	19	the	the	DET
fsr-3267	284	20	future	future	ADJ
fsr-3267	284	21	value	value	NOUN
fsr-3267	284	22	of	of	ADP
fsr-3267	284	23	an	an	DET
fsr-3267	284	24	annuity	annuity	NOUN
fsr-3267	284	25	of	of	ADP
fsr-3267	284	26	$	$	SYM
fsr-3267	284	27	1	1	NUM
fsr-3267	284	28	per	per	ADP
fsr-3267	284	29	year	year	NOUN
fsr-3267	284	30	,	,	PUNCT
fsr-3267	284	31	and	and	CCONJ
fsr-3267	284	32	fvifn	fvifn	NOUN
fsr-3267	284	33	,	,	PUNCT
fsr-3267	284	34	r%	r%	VERB
fsr-3267	284	35	�	�	PROPN
fsr-3267	284	36	�	�	PROPN
fsr-3267	284	37	1	1	NUM
fsr-3267	284	38	�	�	PROPN
fsr-3267	284	39	r	r	NOUN
fsr-3267	284	40	�	�	PROPN
fsr-3267	284	41	n	n	PART
fsr-3267	284	42	denotes	denote	VERB
fsr-3267	284	43	the	the	DET
fsr-3267	284	44	future	future	ADJ
fsr-3267	284	45	value	value	NOUN
fsr-3267	284	46	of	of	ADP
fsr-3267	284	47	a	a	DET
fsr-3267	284	48	dollar	dollar	NOUN
fsr-3267	284	49	now	now	ADV
fsr-3267	284	50	compounded	compound	VERB
fsr-3267	284	51	for	for	ADP
fsr-3267	284	52	n	n	DET
fsr-3267	284	53	periods	period	NOUN
fsr-3267	284	54	at	at	ADP
fsr-3267	284	55	r%	r%	NOUN
fsr-3267	284	56	per	per	ADP
fsr-3267	284	57	period	period	NOUN
fsr-3267	284	58	.	.	PUNCT
fsr-3267	285	1	because	because	SCONJ
fsr-3267	285	2	we	we	PRON
fsr-3267	285	3	wanted	want	VERB
fsr-3267	285	4	the	the	DET
fsr-3267	285	5	irrs	irrs	NOUN
fsr-3267	285	6	for	for	ADP
fsr-3267	285	7	many	many	ADJ
fsr-3267	285	8	different	different	ADJ
fsr-3267	285	9	sets	set	NOUN
fsr-3267	285	10	of	of	ADP
fsr-3267	285	11	cash	cash	NOUN
fsr-3267	285	12	flows	flow	NOUN
fsr-3267	285	13	,	,	PUNCT
fsr-3267	285	14	we	we	PRON
fsr-3267	285	15	used	use	VERB
fsr-3267	285	16	the	the	DET
fsr-3267	285	17	irr	irr	NOUN
fsr-3267	285	18	function	function	NOUN
fsr-3267	285	19	in	in	ADP
fsr-3267	285	20	ms	ms	PROPN
fsr-3267	285	21	excel	excel	PROPN
fsr-3267	285	22	to	to	PART
fsr-3267	285	23	generate	generate	VERB
fsr-3267	285	24	the	the	DET
fsr-3267	285	25	answer	answer	NOUN
fsr-3267	285	26	to	to	ADP
fsr-3267	285	27	this	this	PRON
fsr-3267	285	28	(	(	PUNCT
fsr-3267	285	29	and	and	CCONJ
fsr-3267	285	30	all	all	DET
fsr-3267	285	31	the	the	DET
fsr-3267	285	32	irr	irr	NOUN
fsr-3267	285	33	entries	entry	NOUN
fsr-3267	285	34	in	in	ADP
fsr-3267	285	35	tables	table	NOUN
fsr-3267	285	36	2	2	NUM
fsr-3267	285	37	,	,	PUNCT
fsr-3267	285	38	3	3	NUM
fsr-3267	285	39	,	,	PUNCT
fsr-3267	285	40	5	5	NUM
fsr-3267	285	41	,	,	PUNCT
fsr-3267	285	42	and	and	CCONJ
fsr-3267	285	43	6	6	NUM
fsr-3267	285	44	)	)	PUNCT
fsr-3267	285	45	,	,	PUNCT
fsr-3267	285	46	but	but	CCONJ
fsr-3267	285	47	the	the	DET
fsr-3267	285	48	cash	cash	NOUN
fsr-3267	285	49	flow	flow	NOUN
fsr-3267	285	50	registers	register	NOUN
fsr-3267	285	51	on	on	ADP
fsr-3267	285	52	almost	almost	ADV
fsr-3267	285	53	all	all	PRON
fsr-3267	285	54	financial	financial	ADJ
fsr-3267	285	55	calculators	calculator	NOUN
fsr-3267	285	56	can	can	AUX
fsr-3267	285	57	also	also	ADV
fsr-3267	285	58	find	find	VERB
fsr-3267	285	59	the	the	DET
fsr-3267	285	60	value	value	NOUN
fsr-3267	285	61	of	of	ADP
fsr-3267	285	62	r	r	PROPN
fsr-3267	285	63	�	�	PROPN
fsr-3267	285	64	irr	irr	PROPN
fsr-3267	285	65	.	.	PUNCT
fsr-3267	286	1	7	7	NUM
fsr-3267	286	2	the	the	DET
fsr-3267	286	3	procedure	procedure	NOUN
fsr-3267	286	4	by	by	ADP
fsr-3267	286	5	which	which	PRON
fsr-3267	286	6	this	this	DET
fsr-3267	286	7	gain	gain	NOUN
fsr-3267	286	8	is	be	AUX
fsr-3267	286	9	obtained	obtain	VERB
fsr-3267	286	10	is	be	AUX
fsr-3267	286	11	very	very	ADV
fsr-3267	286	12	similar	similar	ADJ
fsr-3267	286	13	to	to	ADP
fsr-3267	286	14	riding	ride	VERB
fsr-3267	286	15	the	the	DET
fsr-3267	286	16	yield	yield	NOUN
fsr-3267	286	17	curve	curve	NOUN
fsr-3267	286	18	(	(	PUNCT
fsr-3267	286	19	e.g.	e.g.	ADV
fsr-3267	286	20	,	,	PUNCT
fsr-3267	286	21	bieri	bieri	NOUN
fsr-3267	286	22	and	and	CCONJ
fsr-3267	286	23	chincarini	chincarini	NOUN
fsr-3267	286	24	,	,	PUNCT
fsr-3267	286	25	2005	2005	NUM
fsr-3267	286	26	)	)	PUNCT
fsr-3267	286	27	,	,	PUNCT
fsr-3267	286	28	with	with	ADP
fsr-3267	286	29	a	a	DET
fsr-3267	286	30	couple	couple	NOUN
fsr-3267	286	31	of	of	ADP
fsr-3267	286	32	exceptions	exception	NOUN
fsr-3267	286	33	.	.	PUNCT
fsr-3267	287	1	riding	ride	VERB
fsr-3267	287	2	the	the	DET
fsr-3267	287	3	yield	yield	NOUN
fsr-3267	287	4	curve	curve	NOUN
fsr-3267	287	5	102	102	NUM
fsr-3267	287	6	j.	j.	PROPN
fsr-3267	287	7	musumeci	musumeci	PROPN
fsr-3267	287	8	/	/	SYM
fsr-3267	287	9	financial	financial	ADJ
fsr-3267	287	10	services	service	NOUN
fsr-3267	287	11	review	review	VERB
fsr-3267	287	12	25	25	NUM
fsr-3267	287	13	(	(	PUNCT
fsr-3267	287	14	2016	2016	NUM
fsr-3267	287	15	)	)	PUNCT
fsr-3267	288	1	87–104	87–104	PROPN
fsr-3267	288	2	involves	involve	VERB
fsr-3267	288	3	buying	buy	VERB
fsr-3267	288	4	a	a	DET
fsr-3267	288	5	long	long	ADJ
fsr-3267	288	6	-	-	PUNCT
fsr-3267	288	7	term	term	NOUN
fsr-3267	288	8	bond	bond	NOUN
fsr-3267	288	9	(	(	PUNCT
fsr-3267	288	10	and	and	CCONJ
fsr-3267	288	11	sometimes	sometimes	ADV
fsr-3267	288	12	hedging	hedge	VERB
fsr-3267	288	13	it	it	PRON
fsr-3267	288	14	with	with	ADP
fsr-3267	288	15	sale	sale	NOUN
fsr-3267	288	16	—	—	PUNCT
fsr-3267	288	17	or	or	CCONJ
fsr-3267	288	18	shortsale	shortsale	NOUN
fsr-3267	288	19	—	—	PUNCT
fsr-3267	288	20	of	of	ADP
fsr-3267	288	21	a	a	DET
fsr-3267	288	22	short	short	ADJ
fsr-3267	288	23	-	-	PUNCT
fsr-3267	288	24	term	term	NOUN
fsr-3267	288	25	bond	bond	NOUN
fsr-3267	288	26	)	)	PUNCT
fsr-3267	288	27	to	to	PART
fsr-3267	288	28	earn	earn	VERB
fsr-3267	288	29	higher	high	ADJ
fsr-3267	288	30	returns	return	NOUN
fsr-3267	288	31	.	.	PUNCT
fsr-3267	289	1	here	here	ADV
fsr-3267	289	2	the	the	DET
fsr-3267	289	3	mortgagor	mortgagor	NOUN
fsr-3267	289	4	is	be	AUX
fsr-3267	289	5	a	a	DET
fsr-3267	289	6	net	net	ADJ
fsr-3267	289	7	borrower	borrower	NOUN
fsr-3267	289	8	(	(	PUNCT
fsr-3267	289	9	or	or	CCONJ
fsr-3267	289	10	seller	seller	NOUN
fsr-3267	289	11	of	of	ADP
fsr-3267	289	12	a	a	DET
fsr-3267	289	13	bond	bond	NOUN
fsr-3267	289	14	)	)	PUNCT
fsr-3267	289	15	,	,	PUNCT
fsr-3267	289	16	and	and	CCONJ
fsr-3267	289	17	so	so	ADV
fsr-3267	289	18	eschews	eschew	VERB
fsr-3267	289	19	the	the	DET
fsr-3267	289	20	longer	long	ADJ
fsr-3267	289	21	-	-	PUNCT
fsr-3267	289	22	term	term	NOUN
fsr-3267	289	23	mortgage	mortgage	NOUN
fsr-3267	289	24	in	in	ADP
fsr-3267	289	25	favor	favor	NOUN
fsr-3267	289	26	of	of	ADP
fsr-3267	289	27	one	one	NUM
fsr-3267	289	28	with	with	ADP
fsr-3267	289	29	a	a	DET
fsr-3267	289	30	shorter	short	ADJ
fsr-3267	289	31	term	term	NOUN
fsr-3267	289	32	,	,	PUNCT
fsr-3267	289	33	thus	thus	ADV
fsr-3267	289	34	earning	earn	VERB
fsr-3267	289	35	savings	saving	NOUN
fsr-3267	289	36	from	from	ADP
fsr-3267	289	37	the	the	DET
fsr-3267	289	38	difference	difference	NOUN
fsr-3267	289	39	in	in	ADP
fsr-3267	289	40	rates	rate	NOUN
fsr-3267	289	41	.	.	PUNCT
fsr-3267	290	1	however	however	ADV
fsr-3267	290	2	,	,	PUNCT
fsr-3267	290	3	riding	ride	VERB
fsr-3267	290	4	the	the	DET
fsr-3267	290	5	yield	yield	NOUN
fsr-3267	290	6	curve	curve	NOUN
fsr-3267	290	7	,	,	PUNCT
fsr-3267	290	8	even	even	ADV
fsr-3267	290	9	in	in	ADP
fsr-3267	290	10	its	its	PRON
fsr-3267	290	11	hedged	hedge	VERB
fsr-3267	290	12	form	form	NOUN
fsr-3267	290	13	,	,	PUNCT
fsr-3267	290	14	incurs	incur	VERB
fsr-3267	290	15	some	some	DET
fsr-3267	290	16	risk	risk	NOUN
fsr-3267	290	17	,	,	PUNCT
fsr-3267	290	18	while	while	SCONJ
fsr-3267	290	19	the	the	DET
fsr-3267	290	20	process	process	NOUN
fsr-3267	290	21	described	describe	VERB
fsr-3267	290	22	here	here	ADV
fsr-3267	290	23	is	be	AUX
fsr-3267	290	24	riskless	riskless	NOUN
fsr-3267	290	25	from	from	ADP
fsr-3267	290	26	the	the	DET
fsr-3267	290	27	borrower	borrower	NOUN
fsr-3267	290	28	’s	’s	PART
fsr-3267	290	29	perspective	perspective	NOUN
fsr-3267	290	30	.	.	PUNCT
fsr-3267	291	1	8	8	NUM
fsr-3267	291	2	the	the	DET
fsr-3267	291	3	amount	amount	NOUN
fsr-3267	291	4	the	the	DET
fsr-3267	291	5	15	15	NUM
fsr-3267	291	6	-	-	PUNCT
fsr-3267	291	7	year	year	NOUN
fsr-3267	291	8	mortgagor	mortgagor	NOUN
fsr-3267	291	9	still	still	ADV
fsr-3267	291	10	owes	owe	VERB
fsr-3267	291	11	at	at	ADP
fsr-3267	291	12	the	the	DET
fsr-3267	291	13	end	end	NOUN
fsr-3267	291	14	of	of	ADP
fsr-3267	291	15	84	84	NUM
fsr-3267	291	16	months	month	NOUN
fsr-3267	291	17	can	can	AUX
fsr-3267	291	18	be	be	AUX
fsr-3267	291	19	calculated	calculate	VERB
fsr-3267	291	20	as	as	ADP
fsr-3267	291	21	3636.11(pvifa96	3636.11(pvifa96	PROPN
fsr-3267	291	22	,	,	PUNCT
fsr-3267	291	23	0.3125	0.3125	NUM
fsr-3267	291	24	%	%	NOUN
fsr-3267	291	25	)	)	PUNCT
fsr-3267	291	26	or	or	CCONJ
fsr-3267	291	27	,	,	PUNCT
fsr-3267	291	28	equivalently	equivalently	ADV
fsr-3267	291	29	,	,	PUNCT
fsr-3267	291	30	as	as	ADP
fsr-3267	291	31	500,000(fvif84	500,000(fvif84	NUM
fsr-3267	291	32	,	,	PUNCT
fsr-3267	291	33	0.3125	0.3125	NUM
fsr-3267	291	34	%	%	NOUN
fsr-3267	291	35	)	)	PUNCT
fsr-3267	291	36	–	–	PUNCT
fsr-3267	291	37	3636.11(fvifa84	3636.11(fvifa84	NUM
fsr-3267	291	38	,	,	PUNCT
fsr-3267	291	39	0.3125	0.3125	NUM
fsr-3267	291	40	%	%	NOUN
fsr-3267	291	41	)	)	PUNCT
fsr-3267	291	42	.	.	PUNCT
fsr-3267	292	1	the	the	DET
fsr-3267	292	2	calculation	calculation	NOUN
fsr-3267	292	3	for	for	ADP
fsr-3267	292	4	the	the	DET
fsr-3267	292	5	30	30	NUM
fsr-3267	292	6	-	-	PUNCT
fsr-3267	292	7	year	year	NOUN
fsr-3267	292	8	mortgagor	mortgagor	NOUN
fsr-3267	292	9	is	be	AUX
fsr-3267	292	10	analogous	analogous	ADJ
fsr-3267	292	11	,	,	PUNCT
fsr-3267	292	12	but	but	CCONJ
fsr-3267	292	13	with	with	ADP
fsr-3267	292	14	a	a	DET
fsr-3267	292	15	periodic	periodic	ADJ
fsr-3267	292	16	monthly	monthly	ADJ
fsr-3267	292	17	rate	rate	NOUN
fsr-3267	292	18	of	of	ADP
fsr-3267	292	19	0.375	0.375	NUM
fsr-3267	292	20	%	%	NOUN
fsr-3267	292	21	.	.	PUNCT
fsr-3267	293	1	9	9	NUM
fsr-3267	293	2	in	in	ADP
fsr-3267	293	3	addition	addition	NOUN
fsr-3267	293	4	,	,	PUNCT
fsr-3267	293	5	they	they	PRON
fsr-3267	293	6	are	be	AUX
fsr-3267	293	7	probably	probably	ADV
fsr-3267	293	8	the	the	DET
fsr-3267	293	9	age	age	NOUN
fsr-3267	293	10	bracket	bracket	NOUN
fsr-3267	293	11	that	that	PRON
fsr-3267	293	12	faces	face	VERB
fsr-3267	293	13	the	the	DET
fsr-3267	293	14	greatest	great	ADJ
fsr-3267	293	15	uncertainty	uncertainty	NOUN
fsr-3267	293	16	in	in	ADP
fsr-3267	293	17	their	their	PRON
fsr-3267	293	18	future	future	ADJ
fsr-3267	293	19	cash	cash	NOUN
fsr-3267	293	20	-	-	PUNCT
fsr-3267	293	21	flow	flow	NOUN
fsr-3267	293	22	stream	stream	NOUN
fsr-3267	293	23	,	,	PUNCT
fsr-3267	293	24	as	as	ADV
fsr-3267	293	25	well	well	ADV
fsr-3267	293	26	as	as	ADP
fsr-3267	293	27	least	least	ADJ
fsr-3267	293	28	likely	likely	ADJ
fsr-3267	293	29	to	to	PART
fsr-3267	293	30	be	be	AUX
fsr-3267	293	31	able	able	ADJ
fsr-3267	293	32	to	to	PART
fsr-3267	293	33	afford	afford	VERB
fsr-3267	293	34	the	the	DET
fsr-3267	293	35	higher	high	ADJ
fsr-3267	293	36	payments	payment	NOUN
fsr-3267	293	37	of	of	ADP
fsr-3267	293	38	a	a	DET
fsr-3267	293	39	15	15	NUM
fsr-3267	293	40	-	-	PUNCT
fsr-3267	293	41	year	year	NOUN
fsr-3267	293	42	mortgage	mortgage	NOUN
fsr-3267	293	43	.	.	PUNCT
fsr-3267	294	1	goff	goff	PROPN
fsr-3267	294	2	and	and	CCONJ
fsr-3267	294	3	cox	cox	PROPN
fsr-3267	294	4	(	(	PUNCT
fsr-3267	294	5	1998	1998	NUM
fsr-3267	294	6	)	)	PUNCT
fsr-3267	294	7	identify	identify	VERB
fsr-3267	294	8	other	other	ADJ
fsr-3267	294	9	advantages	advantage	NOUN
fsr-3267	294	10	of	of	ADP
fsr-3267	294	11	the	the	DET
fsr-3267	294	12	30	30	NUM
fsr-3267	294	13	-	-	PUNCT
fsr-3267	294	14	year	year	NOUN
fsr-3267	294	15	relative	relative	NOUN
fsr-3267	294	16	to	to	ADP
fsr-3267	294	17	the	the	DET
fsr-3267	294	18	15	15	NUM
fsr-3267	294	19	-	-	PUNCT
fsr-3267	294	20	year	year	NOUN
fsr-3267	294	21	mortgage	mortgage	NOUN
fsr-3267	294	22	.	.	PUNCT
fsr-3267	295	1	acknowledgments	acknowledgment	NOUN
fsr-3267	295	2	the	the	DET
fsr-3267	295	3	author	author	NOUN
fsr-3267	295	4	is	be	AUX
fsr-3267	295	5	grateful	grateful	ADJ
fsr-3267	295	6	to	to	ADP
fsr-3267	295	7	claude	claude	PROPN
fsr-3267	295	8	cicchetti	cicchetti	PROPN
fsr-3267	295	9	,	,	PUNCT
fsr-3267	295	10	deborah	deborah	PROPN
fsr-3267	295	11	gregory	gregory	PROPN
fsr-3267	295	12	,	,	PUNCT
fsr-3267	295	13	atul	atul	PROPN
fsr-3267	295	14	gupta	gupta	PROPN
fsr-3267	295	15	,	,	PUNCT
fsr-3267	295	16	colleen	colleen	PROPN
fsr-3267	295	17	moore	moore	PROPN
fsr-3267	295	18	,	,	PUNCT
fsr-3267	295	19	mark	mark	PROPN
fsr-3267	295	20	peterson	peterson	PROPN
fsr-3267	295	21	,	,	PUNCT
fsr-3267	295	22	len	len	PROPN
fsr-3267	295	23	rosenthal	rosenthal	PROPN
fsr-3267	295	24	,	,	PUNCT
fsr-3267	295	25	richard	richard	PROPN
fsr-3267	295	26	sansing	sansing	PROPN
fsr-3267	295	27	,	,	PUNCT
fsr-3267	295	28	dave	dave	PROPN
fsr-3267	295	29	simon	simon	PROPN
fsr-3267	295	30	,	,	PUNCT
fsr-3267	295	31	meg	meg	PROPN
fsr-3267	295	32	steere	steere	PROPN
fsr-3267	295	33	,	,	PUNCT
fsr-3267	295	34	and	and	CCONJ
fsr-3267	295	35	participants	participant	NOUN
fsr-3267	295	36	in	in	ADP
fsr-3267	295	37	the	the	DET
fsr-3267	295	38	2013	2013	NUM
fsr-3267	295	39	academy	academy	NOUN
fsr-3267	295	40	of	of	ADP
fsr-3267	295	41	financial	financial	PROPN
fsr-3267	295	42	services	service	NOUN
fsr-3267	295	43	conference	conference	NOUN
fsr-3267	295	44	for	for	ADP
fsr-3267	295	45	helpful	helpful	ADJ
fsr-3267	295	46	comments	comment	NOUN
fsr-3267	295	47	.	.	PUNCT
fsr-3267	296	1	references	reference	NOUN
fsr-3267	296	2	amromin	amromin	VERB
fsr-3267	296	3	,	,	PUNCT
fsr-3267	296	4	g.	g.	PROPN
fsr-3267	296	5	,	,	PUNCT
fsr-3267	296	6	huang	huang	PROPN
fsr-3267	296	7	,	,	PUNCT
fsr-3267	296	8	j.	j.	PROPN
fsr-3267	296	9	,	,	PUNCT
fsr-3267	296	10	&	&	CCONJ
fsr-3267	296	11	sialm	sialm	PROPN
fsr-3267	296	12	,	,	PUNCT
fsr-3267	296	13	c.	c.	PROPN
fsr-3267	296	14	(	(	PUNCT
fsr-3267	296	15	2007	2007	NUM
fsr-3267	296	16	)	)	PUNCT
fsr-3267	296	17	.	.	PUNCT
fsr-3267	297	1	the	the	DET
fsr-3267	297	2	tradeoff	tradeoff	NOUN
fsr-3267	297	3	between	between	ADP
fsr-3267	297	4	mortgage	mortgage	NOUN
fsr-3267	297	5	prepayments	prepayment	NOUN
fsr-3267	297	6	and	and	CCONJ
fsr-3267	297	7	tax	tax	NOUN
fsr-3267	297	8	-	-	PUNCT
fsr-3267	297	9	deferred	defer	VERB
fsr-3267	297	10	retirement	retirement	NOUN
fsr-3267	297	11	savings	saving	NOUN
fsr-3267	297	12	.	.	PUNCT
fsr-3267	298	1	journal	journal	PROPN
fsr-3267	298	2	of	of	ADP
fsr-3267	298	3	public	public	ADJ
fsr-3267	298	4	economics	economic	NOUN
fsr-3267	298	5	,	,	PUNCT
fsr-3267	298	6	91	91	NUM
fsr-3267	298	7	,	,	PUNCT
fsr-3267	298	8	2014–2040	2014–2040	NUM
fsr-3267	298	9	.	.	PUNCT
fsr-3267	299	1	bieri	bieri	NOUN
fsr-3267	299	2	,	,	PUNCT
fsr-3267	299	3	d.	d.	PROPN
fsr-3267	299	4	,	,	PUNCT
fsr-3267	299	5	&	&	CCONJ
fsr-3267	299	6	chincarini	chincarini	PROPN
fsr-3267	299	7	,	,	PUNCT
fsr-3267	299	8	l.	l.	PROPN
fsr-3267	299	9	(	(	PUNCT
fsr-3267	299	10	2005	2005	NUM
fsr-3267	299	11	)	)	PUNCT
fsr-3267	299	12	.	.	PUNCT
fsr-3267	300	1	riding	ride	VERB
fsr-3267	300	2	the	the	DET
fsr-3267	300	3	yield	yield	NOUN
fsr-3267	300	4	curve	curve	NOUN
fsr-3267	300	5	:	:	PUNCT
fsr-3267	300	6	a	a	DET
fsr-3267	300	7	variety	variety	NOUN
fsr-3267	300	8	of	of	ADP
fsr-3267	300	9	strategies	strategy	NOUN
fsr-3267	300	10	.	.	PUNCT
fsr-3267	301	1	the	the	DET
fsr-3267	301	2	journal	journal	NOUN
fsr-3267	301	3	of	of	ADP
fsr-3267	301	4	fixed	fix	VERB
fsr-3267	301	5	income	income	NOUN
fsr-3267	301	6	,	,	PUNCT
fsr-3267	301	7	15	15	NUM
fsr-3267	301	8	,	,	PUNCT
fsr-3267	301	9	6–35	6–35	PROPN
fsr-3267	301	10	.	.	PUNCT
fsr-3267	302	1	bodie	bodie	PROPN
fsr-3267	302	2	,	,	PUNCT
fsr-3267	302	3	z.	z.	PROPN
fsr-3267	302	4	,	,	PUNCT
fsr-3267	302	5	merton	merton	PROPN
fsr-3267	302	6	,	,	PUNCT
fsr-3267	302	7	r.	r.	PROPN
fsr-3267	302	8	,	,	PUNCT
fsr-3267	302	9	&	&	CCONJ
fsr-3267	302	10	samuelson	samuelson	PROPN
fsr-3267	302	11	,	,	PUNCT
fsr-3267	302	12	w.	w.	PROPN
fsr-3267	302	13	(	(	PUNCT
fsr-3267	302	14	1992	1992	NUM
fsr-3267	302	15	)	)	PUNCT
fsr-3267	302	16	.	.	PUNCT
fsr-3267	303	1	labor	labor	NOUN
fsr-3267	303	2	supply	supply	NOUN
fsr-3267	303	3	flexibility	flexibility	NOUN
fsr-3267	303	4	and	and	CCONJ
fsr-3267	303	5	portfolio	portfolio	NOUN
fsr-3267	303	6	choice	choice	NOUN
fsr-3267	303	7	in	in	ADP
fsr-3267	303	8	a	a	DET
fsr-3267	303	9	lifecycle	lifecycle	NOUN
fsr-3267	303	10	model	model	NOUN
fsr-3267	303	11	.	.	PUNCT
fsr-3267	304	1	journal	journal	PROPN
fsr-3267	304	2	of	of	ADP
fsr-3267	304	3	economic	economic	ADJ
fsr-3267	304	4	dynamics	dynamic	NOUN
fsr-3267	304	5	and	and	CCONJ
fsr-3267	304	6	control	control	NOUN
fsr-3267	304	7	,	,	PUNCT
fsr-3267	304	8	16	16	NUM
fsr-3267	304	9	,	,	PUNCT
fsr-3267	304	10	427–450	427–450	NUM
fsr-3267	304	11	.	.	PUNCT
fsr-3267	305	1	brealey	brealey	PROPN
fsr-3267	305	2	,	,	PUNCT
fsr-3267	305	3	r.	r.	PROPN
fsr-3267	305	4	,	,	PUNCT
fsr-3267	305	5	myers	myers	PROPN
fsr-3267	305	6	.	.	PUNCT
fsr-3267	306	1	s.	s.	PROPN
fsr-3267	306	2	,	,	PUNCT
fsr-3267	306	3	&	&	CCONJ
fsr-3267	306	4	allen	allen	PROPN
fsr-3267	306	5	,	,	PUNCT
fsr-3267	306	6	f.	f.	PROPN
fsr-3267	306	7	(	(	PUNCT
fsr-3267	306	8	2008	2008	NUM
fsr-3267	306	9	)	)	PUNCT
fsr-3267	306	10	.	.	PUNCT
fsr-3267	307	1	principles	principle	NOUN
fsr-3267	307	2	of	of	ADP
fsr-3267	307	3	corporate	corporate	ADJ
fsr-3267	307	4	finance	finance	NOUN
fsr-3267	307	5	(	(	PUNCT
fsr-3267	307	6	9th	9th	ADJ
fsr-3267	307	7	ed	ed	NOUN
fsr-3267	307	8	.	.	PUNCT
fsr-3267	307	9	)	)	PUNCT
fsr-3267	307	10	boston	boston	PROPN
fsr-3267	307	11	,	,	PUNCT
fsr-3267	307	12	ma	ma	PROPN
fsr-3267	307	13	:	:	PUNCT
fsr-3267	307	14	mcgrawhill	mcgrawhill	PROPN
fsr-3267	307	15	/	/	SYM
fsr-3267	307	16	irwin	irwin	PROPN
fsr-3267	307	17	.	.	PUNCT
fsr-3267	308	1	brueckner	brueckner	PROPN
fsr-3267	308	2	,	,	PUNCT
fsr-3267	308	3	j.	j.	PROPN
fsr-3267	308	4	(	(	PUNCT
fsr-3267	308	5	2000	2000	NUM
fsr-3267	308	6	)	)	PUNCT
fsr-3267	308	7	.	.	PUNCT
fsr-3267	309	1	mortgage	mortgage	NOUN
fsr-3267	309	2	default	default	NOUN
fsr-3267	309	3	with	with	ADP
fsr-3267	309	4	asymmetric	asymmetric	ADJ
fsr-3267	309	5	information	information	NOUN
fsr-3267	309	6	.	.	PUNCT
fsr-3267	310	1	journal	journal	NOUN
fsr-3267	310	2	of	of	ADP
fsr-3267	310	3	real	real	ADJ
fsr-3267	310	4	estate	estate	NOUN
fsr-3267	310	5	finance	finance	NOUN
fsr-3267	310	6	and	and	CCONJ
fsr-3267	310	7	economics	economic	NOUN
fsr-3267	310	8	,	,	PUNCT
fsr-3267	310	9	20	20	NUM
fsr-3267	310	10	,	,	PUNCT
fsr-3267	310	11	251–274	251–274	NUM
fsr-3267	310	12	.	.	PUNCT
fsr-3267	311	1	cheung	cheung	PROPN
fsr-3267	311	2	,	,	PUNCT
fsr-3267	311	3	c.	c.	PROPN
fsr-3267	311	4	,	,	PUNCT
fsr-3267	311	5	&	&	CCONJ
fsr-3267	311	6	miu	miu	PROPN
fsr-3267	311	7	,	,	PUNCT
fsr-3267	311	8	p.	p.	NOUN
fsr-3267	311	9	(	(	PUNCT
fsr-3267	311	10	2015	2015	NUM
fsr-3267	311	11	)	)	PUNCT
fsr-3267	311	12	.	.	PUNCT
fsr-3267	312	1	home	home	NOUN
fsr-3267	312	2	ownership	ownership	NOUN
fsr-3267	312	3	decision	decision	NOUN
fsr-3267	312	4	in	in	ADP
fsr-3267	312	5	personal	personal	ADJ
fsr-3267	312	6	finance	finance	NOUN
fsr-3267	312	7	:	:	PUNCT
fsr-3267	312	8	some	some	DET
fsr-3267	312	9	empirical	empirical	ADJ
fsr-3267	312	10	evidence	evidence	NOUN
fsr-3267	312	11	.	.	PUNCT
fsr-3267	313	1	financial	financial	ADJ
fsr-3267	313	2	services	service	NOUN
fsr-3267	313	3	review	review	PROPN
fsr-3267	313	4	,	,	PUNCT
fsr-3267	313	5	24	24	NUM
fsr-3267	313	6	,	,	PUNCT
fsr-3267	313	7	51–76	51–76	NUM
fsr-3267	313	8	.	.	PUNCT
fsr-3267	314	1	copeland	copeland	PROPN
fsr-3267	314	2	,	,	PUNCT
fsr-3267	314	3	t.	t.	PROPN
fsr-3267	314	4	,	,	PUNCT
fsr-3267	314	5	weston	weston	PROPN
fsr-3267	314	6	,	,	PUNCT
fsr-3267	314	7	j.	j.	PROPN
fsr-3267	314	8	f.	f.	PROPN
fsr-3267	314	9	,	,	PUNCT
fsr-3267	314	10	&	&	CCONJ
fsr-3267	314	11	shastri	shastri	PROPN
fsr-3267	314	12	,	,	PUNCT
fsr-3267	314	13	k.	k.	PROPN
fsr-3267	314	14	(	(	PUNCT
fsr-3267	314	15	2005	2005	NUM
fsr-3267	314	16	)	)	PUNCT
fsr-3267	314	17	.	.	PUNCT
fsr-3267	315	1	financial	financial	ADJ
fsr-3267	315	2	theory	theory	NOUN
fsr-3267	315	3	and	and	CCONJ
fsr-3267	315	4	corporate	corporate	ADJ
fsr-3267	315	5	policy	policy	NOUN
fsr-3267	315	6	(	(	PUNCT
fsr-3267	315	7	4th	4th	ADJ
fsr-3267	315	8	ed	ed	NOUN
fsr-3267	315	9	.	.	PUNCT
fsr-3267	315	10	)	)	PUNCT
fsr-3267	315	11	.	.	PUNCT
fsr-3267	316	1	boston	boston	PROPN
fsr-3267	316	2	,	,	PUNCT
fsr-3267	316	3	ma	ma	PROPN
fsr-3267	316	4	:	:	PUNCT
fsr-3267	316	5	pearson	pearson	PROPN
fsr-3267	316	6	/	/	SYM
fsr-3267	316	7	addison	addison	PROPN
fsr-3267	316	8	-	-	PUNCT
fsr-3267	316	9	wesley	wesley	PROPN
fsr-3267	316	10	.	.	PUNCT
fsr-3267	317	1	cotterman	cotterman	PROPN
fsr-3267	317	2	,	,	PUNCT
fsr-3267	317	3	r.	r.	PROPN
fsr-3267	317	4	,	,	PUNCT
fsr-3267	317	5	&	&	CCONJ
fsr-3267	317	6	pearce	pearce	PROPN
fsr-3267	317	7	,	,	PUNCT
fsr-3267	317	8	j.	j.	PROPN
fsr-3267	317	9	(	(	PUNCT
fsr-3267	317	10	1996	1996	NUM
fsr-3267	317	11	)	)	PUNCT
fsr-3267	317	12	.	.	PUNCT
fsr-3267	318	1	the	the	DET
fsr-3267	318	2	effects	effect	NOUN
fsr-3267	318	3	of	of	ADP
fsr-3267	318	4	the	the	DET
fsr-3267	318	5	federal	federal	ADJ
fsr-3267	318	6	national	national	PROPN
fsr-3267	318	7	mortgage	mortgage	PROPN
fsr-3267	318	8	association	association	PROPN
fsr-3267	318	9	and	and	CCONJ
fsr-3267	318	10	the	the	DET
fsr-3267	318	11	federal	federal	ADJ
fsr-3267	318	12	home	home	PROPN
fsr-3267	318	13	loan	loan	NOUN
fsr-3267	318	14	corporation	corporation	NOUN
fsr-3267	318	15	on	on	ADP
fsr-3267	318	16	conventional	conventional	ADJ
fsr-3267	318	17	fixed	fix	VERB
fsr-3267	318	18	-	-	PUNCT
fsr-3267	318	19	rate	rate	NOUN
fsr-3267	318	20	mortgage	mortgage	NOUN
fsr-3267	318	21	yields	yield	NOUN
fsr-3267	318	22	,	,	PUNCT
fsr-3267	318	23	studies	study	NOUN
fsr-3267	318	24	on	on	ADP
fsr-3267	318	25	privatizing	privatize	VERB
fsr-3267	318	26	fannie	fannie	PROPN
fsr-3267	318	27	mae	mae	PROPN
fsr-3267	318	28	and	and	CCONJ
fsr-3267	318	29	freddie	freddie	PROPN
fsr-3267	318	30	mac	mac	PROPN
fsr-3267	318	31	.	.	PROPN
fsr-3267	318	32	washington	washington	PROPN
fsr-3267	318	33	,	,	PUNCT
fsr-3267	318	34	d.c	d.c	PROPN
fsr-3267	318	35	.	.	PUNCT
fsr-3267	318	36	:	:	PUNCT
fsr-3267	319	1	u.s	u.s	PROPN
fsr-3267	319	2	.	.	PROPN
fsr-3267	319	3	department	department	PROPN
fsr-3267	319	4	of	of	ADP
fsr-3267	319	5	housing	housing	PROPN
fsr-3267	319	6	and	and	CCONJ
fsr-3267	319	7	urban	urban	ADJ
fsr-3267	319	8	development	development	PROPN
fsr-3267	319	9	.	.	PUNCT
fsr-3267	320	1	dhillon	dhillon	PROPN
fsr-3267	320	2	,	,	PUNCT
fsr-3267	320	3	u.	u.	PROPN
fsr-3267	320	4	,	,	PUNCT
fsr-3267	320	5	shilling	shilling	PROPN
fsr-3267	320	6	,	,	PUNCT
fsr-3267	320	7	j.	j.	PROPN
fsr-3267	320	8	,	,	PUNCT
fsr-3267	320	9	&	&	CCONJ
fsr-3267	320	10	sirmans	sirmans	PROPN
fsr-3267	320	11	,	,	PUNCT
fsr-3267	320	12	c.	c.	PROPN
fsr-3267	320	13	f.	f.	PROPN
fsr-3267	320	14	(	(	PUNCT
fsr-3267	320	15	1990	1990	NUM
fsr-3267	320	16	)	)	PUNCT
fsr-3267	320	17	.	.	PUNCT
fsr-3267	321	1	the	the	DET
fsr-3267	321	2	mortgage	mortgage	NOUN
fsr-3267	321	3	maturity	maturity	NOUN
fsr-3267	321	4	decision	decision	NOUN
fsr-3267	321	5	:	:	PUNCT
fsr-3267	321	6	the	the	DET
fsr-3267	321	7	choice	choice	NOUN
fsr-3267	321	8	between	between	ADP
fsr-3267	321	9	15	15	NUM
fsr-3267	321	10	-	-	PUNCT
fsr-3267	321	11	year	year	NOUN
fsr-3267	321	12	and	and	CCONJ
fsr-3267	321	13	30	30	NUM
fsr-3267	321	14	-	-	PUNCT
fsr-3267	321	15	year	year	NOUN
fsr-3267	321	16	frms	frm	NOUN
fsr-3267	321	17	.	.	PUNCT
fsr-3267	322	1	southern	southern	ADJ
fsr-3267	322	2	economic	economic	ADJ
fsr-3267	322	3	journal	journal	NOUN
fsr-3267	322	4	,	,	PUNCT
fsr-3267	322	5	56	56	NUM
fsr-3267	322	6	,	,	PUNCT
fsr-3267	322	7	1103–1116	1103–1116	NUM
fsr-3267	322	8	.	.	PUNCT
fsr-3267	323	1	fortin	fortin	PROPN
fsr-3267	323	2	,	,	PUNCT
fsr-3267	323	3	r.	r.	PROPN
fsr-3267	323	4	,	,	PUNCT
fsr-3267	323	5	michelson	michelson	PROPN
fsr-3267	323	6	,	,	PUNCT
fsr-3267	323	7	s.	s.	PROPN
fsr-3267	323	8	,	,	PUNCT
fsr-3267	323	9	smith	smith	PROPN
fsr-3267	323	10	,	,	PUNCT
fsr-3267	323	11	s.	s.	PROPN
fsr-3267	323	12	,	,	PUNCT
fsr-3267	323	13	&	&	CCONJ
fsr-3267	323	14	weaver	weaver	PROPN
fsr-3267	323	15	,	,	PUNCT
fsr-3267	323	16	w.	w.	NOUN
fsr-3267	323	17	(	(	PUNCT
fsr-3267	323	18	2007	2007	NUM
fsr-3267	323	19	)	)	PUNCT
fsr-3267	323	20	.	.	PUNCT
fsr-3267	324	1	mortgage	mortgage	NOUN
fsr-3267	324	2	refinancing	refinancing	NOUN
fsr-3267	324	3	:	:	PUNCT
fsr-3267	324	4	the	the	DET
fsr-3267	324	5	interaction	interaction	NOUN
fsr-3267	324	6	of	of	ADP
fsr-3267	324	7	break	break	NOUN
fsr-3267	324	8	even	even	ADV
fsr-3267	324	9	period	period	NOUN
fsr-3267	324	10	,	,	PUNCT
fsr-3267	324	11	taxes	taxis	NOUN
fsr-3267	324	12	,	,	PUNCT
fsr-3267	324	13	npv	npv	NOUN
fsr-3267	324	14	,	,	PUNCT
fsr-3267	324	15	and	and	CCONJ
fsr-3267	324	16	irr	irr	PROPN
fsr-3267	324	17	.	.	PUNCT
fsr-3267	325	1	financial	financial	ADJ
fsr-3267	325	2	services	services	PROPN
fsr-3267	325	3	review	review	PROPN
fsr-3267	325	4	,	,	PUNCT
fsr-3267	325	5	16	16	NUM
fsr-3267	325	6	,	,	PUNCT
fsr-3267	325	7	197–209	197–209	NUM
fsr-3267	325	8	.	.	PUNCT
fsr-3267	326	1	103j	103j	PROPN
fsr-3267	326	2	.	.	PUNCT
fsr-3267	327	1	musumeci	musumeci	PROPN
fsr-3267	327	2	/	/	SYM
fsr-3267	327	3	financial	financial	ADJ
fsr-3267	327	4	services	service	NOUN
fsr-3267	327	5	review	review	VERB
fsr-3267	327	6	25	25	NUM
fsr-3267	327	7	(	(	PUNCT
fsr-3267	327	8	2016	2016	NUM
fsr-3267	327	9	)	)	PUNCT
fsr-3267	327	10	87–104	87–104	PROPN
fsr-3267	327	11	freddie	freddie	PROPN
fsr-3267	327	12	mac	mac	PROPN
fsr-3267	327	13	.	.	PUNCT
fsr-3267	328	1	(	(	PUNCT
fsr-3267	328	2	2010	2010	NUM
fsr-3267	328	3	)	)	PUNCT
fsr-3267	328	4	.	.	PUNCT
fsr-3267	329	1	freddie	freddie	PROPN
fsr-3267	329	2	mac	mac	PROPN
fsr-3267	329	3	primary	primary	ADJ
fsr-3267	329	4	mortgage	mortgage	NOUN
fsr-3267	329	5	market	market	NOUN
fsr-3267	329	6	survey	survey	NOUN
fsr-3267	329	7	(	(	PUNCT
fsr-3267	329	8	available	available	ADJ
fsr-3267	329	9	from	from	ADP
fsr-3267	329	10	http://www.freddiemac	http://www.freddiemac	PROPN
fsr-3267	329	11	.	.	PROPN
fsr-3267	329	12	com	com	NOUN
fsr-3267	329	13	/	/	SYM
fsr-3267	329	14	pmms	pmms	NOUN
fsr-3267	329	15	/	/	SYM
fsr-3267	329	16	pmms30.htm	pmms30.htm	NOUN
fsr-3267	329	17	;	;	PUNCT
fsr-3267	329	18	http://www.freddiemac.com/pmms/pmms15.htm	http://www.freddiemac.com/pmms/pmms15.htm	PROPN
fsr-3267	329	19	)	)	PUNCT
fsr-3267	329	20	.	.	PUNCT
fsr-3267	330	1	goff	goff	PROPN
fsr-3267	330	2	,	,	PUNCT
fsr-3267	330	3	d.	d.	PROPN
fsr-3267	330	4	,	,	PUNCT
fsr-3267	330	5	&	&	CCONJ
fsr-3267	330	6	cox	cox	PROPN
fsr-3267	330	7	,	,	PUNCT
fsr-3267	330	8	d.	d.	PROPN
fsr-3267	330	9	(	(	PUNCT
fsr-3267	330	10	1998	1998	NUM
fsr-3267	330	11	)	)	PUNCT
fsr-3267	330	12	.	.	PUNCT
fsr-3267	331	1	15	15	NUM
fsr-3267	331	2	-	-	PUNCT
fsr-3267	331	3	year	year	NOUN
fsr-3267	331	4	versus	versus	ADP
fsr-3267	331	5	30	30	NUM
fsr-3267	331	6	-	-	PUNCT
fsr-3267	331	7	year	year	NOUN
fsr-3267	331	8	mortgage	mortgage	NOUN
fsr-3267	331	9	:	:	PUNCT
fsr-3267	331	10	which	which	PRON
fsr-3267	331	11	is	be	AUX
fsr-3267	331	12	the	the	DET
fsr-3267	331	13	better	well	ADJ
fsr-3267	331	14	option	option	NOUN
fsr-3267	331	15	?	?	PUNCT
fsr-3267	332	1	journal	journal	NOUN
fsr-3267	332	2	of	of	ADP
fsr-3267	332	3	financial	financial	ADJ
fsr-3267	332	4	planning	planning	NOUN
fsr-3267	332	5	,	,	PUNCT
fsr-3267	332	6	april	april	PROPN
fsr-3267	332	7	,	,	PUNCT
fsr-3267	332	8	88–95	88–95	NUM
fsr-3267	332	9	.	.	PUNCT
fsr-3267	333	1	grable	grable	PROPN
fsr-3267	333	2	,	,	PUNCT
fsr-3267	333	3	j.	j.	PROPN
fsr-3267	333	4	,	,	PUNCT
fsr-3267	333	5	&	&	CCONJ
fsr-3267	333	6	lytton	lytton	PROPN
fsr-3267	333	7	,	,	PUNCT
fsr-3267	333	8	r.	r.	PROPN
fsr-3267	333	9	(	(	PUNCT
fsr-3267	333	10	1999	1999	NUM
fsr-3267	333	11	)	)	PUNCT
fsr-3267	333	12	.	.	PUNCT
fsr-3267	334	1	financial	financial	ADJ
fsr-3267	334	2	risk	risk	NOUN
fsr-3267	334	3	tolerance	tolerance	NOUN
fsr-3267	334	4	revisited	revisit	VERB
fsr-3267	334	5	:	:	PUNCT
fsr-3267	334	6	the	the	DET
fsr-3267	334	7	development	development	NOUN
fsr-3267	334	8	of	of	ADP
fsr-3267	334	9	a	a	DET
fsr-3267	334	10	risk	risk	NOUN
fsr-3267	334	11	assessment	assessment	NOUN
fsr-3267	334	12	instrument	instrument	NOUN
fsr-3267	334	13	.	.	PUNCT
fsr-3267	335	1	financial	financial	ADJ
fsr-3267	335	2	services	service	NOUN
fsr-3267	335	3	review	review	NOUN
fsr-3267	335	4	,	,	PUNCT
fsr-3267	335	5	8	8	NUM
fsr-3267	335	6	,	,	PUNCT
fsr-3267	335	7	163–181	163–181	NUM
fsr-3267	335	8	.	.	PUNCT
fsr-3267	336	1	harrison	harrison	PROPN
fsr-3267	336	2	,	,	PUNCT
fsr-3267	336	3	d.	d.	PROPN
fsr-3267	336	4	,	,	PUNCT
fsr-3267	336	5	noordewier	noordewier	NOUN
fsr-3267	336	6	,	,	PUNCT
fsr-3267	336	7	t.	t.	PROPN
fsr-3267	336	8	,	,	PUNCT
fsr-3267	336	9	&	&	CCONJ
fsr-3267	336	10	yavas	yavas	PROPN
fsr-3267	336	11	,	,	PUNCT
fsr-3267	336	12	a.	a.	NOUN
fsr-3267	336	13	(	(	PUNCT
fsr-3267	336	14	2004	2004	NUM
fsr-3267	336	15	)	)	PUNCT
fsr-3267	336	16	.	.	PUNCT
fsr-3267	337	1	do	do	AUX
fsr-3267	337	2	riskier	risky	ADJ
fsr-3267	337	3	borrowers	borrower	NOUN
fsr-3267	337	4	borrow	borrow	VERB
fsr-3267	337	5	more	more	ADJ
fsr-3267	337	6	.	.	PUNCT
fsr-3267	338	1	real	real	ADJ
fsr-3267	338	2	estate	estate	NOUN
fsr-3267	338	3	economics	economic	NOUN
fsr-3267	338	4	,	,	PUNCT
fsr-3267	338	5	32	32	NUM
fsr-3267	338	6	,	,	PUNCT
fsr-3267	338	7	385–411	385–411	NUM
fsr-3267	338	8	.	.	PUNCT
fsr-3267	338	9	ibbotson	ibbotson	PROPN
fsr-3267	338	10	,	,	PUNCT
fsr-3267	338	11	r.	r.	PROPN
fsr-3267	338	12	,	,	PUNCT
fsr-3267	338	13	&	&	CCONJ
fsr-3267	338	14	sinquefield	sinquefield	PROPN
fsr-3267	338	15	,	,	PUNCT
fsr-3267	338	16	r.	r.	PROPN
fsr-3267	338	17	(	(	PUNCT
fsr-3267	338	18	2013	2013	NUM
fsr-3267	338	19	)	)	PUNCT
fsr-3267	338	20	.	.	PUNCT
fsr-3267	339	1	stocks	stock	NOUN
fsr-3267	339	2	,	,	PUNCT
fsr-3267	339	3	bonds	bond	NOUN
fsr-3267	339	4	,	,	PUNCT
fsr-3267	339	5	bills	bill	NOUN
fsr-3267	339	6	,	,	PUNCT
fsr-3267	339	7	and	and	CCONJ
fsr-3267	339	8	inflation	inflation	NOUN
fsr-3267	339	9	:	:	PUNCT
fsr-3267	339	10	2013	2013	NUM
fsr-3267	339	11	classic	classic	ADJ
fsr-3267	339	12	yearbook	yearbook	NOUN
fsr-3267	339	13	.	.	PUNCT
fsr-3267	340	1	chicago	chicago	PROPN
fsr-3267	340	2	,	,	PUNCT
fsr-3267	340	3	il	il	PROPN
fsr-3267	340	4	:	:	PROPN
fsr-3267	340	5	morningstar	morningstar	PROPN
fsr-3267	340	6	.	.	PUNCT
fsr-3267	341	1	kau	kau	PROPN
fsr-3267	341	2	,	,	PUNCT
fsr-3267	341	3	j.	j.	PROPN
fsr-3267	341	4	,	,	PUNCT
fsr-3267	341	5	&	&	CCONJ
fsr-3267	341	6	keenan	keenan	PROPN
fsr-3267	341	7	,	,	PUNCT
fsr-3267	341	8	d.	d.	PROPN
fsr-3267	341	9	(	(	PUNCT
fsr-3267	341	10	1995	1995	NUM
fsr-3267	341	11	)	)	PUNCT
fsr-3267	341	12	.	.	PUNCT
fsr-3267	342	1	an	an	DET
fsr-3267	342	2	overview	overview	NOUN
fsr-3267	342	3	of	of	ADP
fsr-3267	342	4	the	the	DET
fsr-3267	342	5	option	option	NOUN
fsr-3267	342	6	theoretic	theoretic	ADJ
fsr-3267	342	7	pricing	pricing	NOUN
fsr-3267	342	8	of	of	ADP
fsr-3267	342	9	mortgages	mortgage	NOUN
fsr-3267	342	10	.	.	PUNCT
fsr-3267	343	1	journal	journal	NOUN
fsr-3267	343	2	of	of	ADP
fsr-3267	343	3	housing	housing	NOUN
fsr-3267	343	4	research	research	NOUN
fsr-3267	343	5	,	,	PUNCT
fsr-3267	343	6	6	6	NUM
fsr-3267	343	7	,	,	PUNCT
fsr-3267	343	8	217–244	217–244	NUM
fsr-3267	343	9	.	.	PUNCT
fsr-3267	343	10	miles	mile	NOUN
fsr-3267	343	11	,	,	PUNCT
fsr-3267	343	12	j.	j.	PROPN
fsr-3267	343	13	,	,	PUNCT
fsr-3267	343	14	&	&	CCONJ
fsr-3267	343	15	ezzell	ezzell	PROPN
fsr-3267	343	16	,	,	PUNCT
fsr-3267	343	17	j.	j.	PROPN
fsr-3267	343	18	(	(	PUNCT
fsr-3267	343	19	1980	1980	NUM
fsr-3267	343	20	)	)	PUNCT
fsr-3267	343	21	.	.	PUNCT
fsr-3267	344	1	the	the	DET
fsr-3267	344	2	weighted	weight	VERB
fsr-3267	344	3	average	average	ADJ
fsr-3267	344	4	cost	cost	NOUN
fsr-3267	344	5	of	of	ADP
fsr-3267	344	6	capital	capital	NOUN
fsr-3267	344	7	,	,	PUNCT
fsr-3267	344	8	perfect	perfect	ADJ
fsr-3267	344	9	capital	capital	NOUN
fsr-3267	344	10	markets	market	NOUN
fsr-3267	344	11	,	,	PUNCT
fsr-3267	344	12	and	and	CCONJ
fsr-3267	344	13	project	project	NOUN
fsr-3267	344	14	life	life	NOUN
fsr-3267	344	15	:	:	PUNCT
fsr-3267	344	16	a	a	DET
fsr-3267	344	17	clarification	clarification	NOUN
fsr-3267	344	18	.	.	PUNCT
fsr-3267	345	1	the	the	DET
fsr-3267	345	2	journal	journal	NOUN
fsr-3267	345	3	of	of	ADP
fsr-3267	345	4	financial	financial	ADJ
fsr-3267	345	5	and	and	CCONJ
fsr-3267	345	6	quantitative	quantitative	ADJ
fsr-3267	345	7	analysis	analysis	NOUN
fsr-3267	345	8	,	,	PUNCT
fsr-3267	345	9	15	15	NUM
fsr-3267	345	10	,	,	PUNCT
fsr-3267	345	11	719–730	719–730	NUM
fsr-3267	345	12	.	.	PUNCT
fsr-3267	346	1	puelz	puelz	PROPN
fsr-3267	346	2	,	,	PUNCT
fsr-3267	346	3	r.	r.	PROPN
fsr-3267	346	4	,	,	PUNCT
fsr-3267	346	5	&	&	CCONJ
fsr-3267	346	6	snow	snow	PROPN
fsr-3267	346	7	,	,	PUNCT
fsr-3267	346	8	a.	a.	NOUN
fsr-3267	346	9	(	(	PUNCT
fsr-3267	346	10	1994	1994	NUM
fsr-3267	346	11	)	)	PUNCT
fsr-3267	346	12	.	.	PUNCT
fsr-3267	347	1	evidence	evidence	NOUN
fsr-3267	347	2	on	on	ADP
fsr-3267	347	3	adverse	adverse	ADJ
fsr-3267	347	4	selection	selection	NOUN
fsr-3267	347	5	:	:	PUNCT
fsr-3267	347	6	equilibrium	equilibrium	NOUN
fsr-3267	347	7	signaling	signal	VERB
fsr-3267	347	8	and	and	CCONJ
fsr-3267	347	9	cross	cross	NOUN
fsr-3267	347	10	-	-	NOUN
fsr-3267	347	11	subsidization	subsidization	NOUN
fsr-3267	347	12	in	in	ADP
fsr-3267	347	13	the	the	DET
fsr-3267	347	14	insurance	insurance	NOUN
fsr-3267	347	15	market	market	NOUN
fsr-3267	347	16	.	.	PUNCT
fsr-3267	348	1	journal	journal	NOUN
fsr-3267	348	2	of	of	ADP
fsr-3267	348	3	political	political	ADJ
fsr-3267	348	4	economy	economy	NOUN
fsr-3267	348	5	,	,	PUNCT
fsr-3267	348	6	102	102	NUM
fsr-3267	348	7	,	,	PUNCT
fsr-3267	348	8	236–257	236–257	NUM
fsr-3267	348	9	.	.	PUNCT
fsr-3267	349	1	reichenstein	reichenstein	PROPN
fsr-3267	349	2	,	,	PUNCT
fsr-3267	349	3	w.	w.	PROPN
fsr-3267	349	4	(	(	PUNCT
fsr-3267	349	5	1998	1998	NUM
fsr-3267	349	6	)	)	PUNCT
fsr-3267	349	7	.	.	PUNCT
fsr-3267	350	1	calculating	calculate	VERB
fsr-3267	350	2	a	a	DET
fsr-3267	350	3	family	family	NOUN
fsr-3267	350	4	’s	’s	PART
fsr-3267	350	5	asset	asset	NOUN
fsr-3267	350	6	mix	mix	NOUN
fsr-3267	350	7	.	.	PUNCT
fsr-3267	351	1	financial	financial	ADJ
fsr-3267	351	2	services	service	NOUN
fsr-3267	351	3	review	review	PROPN
fsr-3267	351	4	,	,	PUNCT
fsr-3267	351	5	7	7	NUM
fsr-3267	351	6	,	,	PUNCT
fsr-3267	351	7	195–206	195–206	NUM
fsr-3267	351	8	.	.	PUNCT
fsr-3267	352	1	ross	ross	PROPN
fsr-3267	352	2	,	,	PUNCT
fsr-3267	352	3	s.	s.	PROPN
fsr-3267	352	4	,	,	PUNCT
fsr-3267	352	5	westerfield	westerfield	PROPN
fsr-3267	352	6	,	,	PUNCT
fsr-3267	352	7	r.	r.	PROPN
fsr-3267	352	8	,	,	PUNCT
fsr-3267	352	9	&	&	CCONJ
fsr-3267	352	10	jaffe	jaffe	PROPN
fsr-3267	352	11	,	,	PUNCT
fsr-3267	352	12	j.	j.	PROPN
fsr-3267	352	13	(	(	PUNCT
fsr-3267	352	14	2013	2013	NUM
fsr-3267	352	15	)	)	PUNCT
fsr-3267	352	16	.	.	PUNCT
fsr-3267	353	1	corporate	corporate	ADJ
fsr-3267	353	2	finance	finance	NOUN
fsr-3267	353	3	(	(	PUNCT
fsr-3267	353	4	10th	10th	ADJ
fsr-3267	353	5	ed	ed	NOUN
fsr-3267	353	6	.	.	PUNCT
fsr-3267	353	7	)	)	PUNCT
fsr-3267	353	8	boston	boston	PROPN
fsr-3267	353	9	,	,	PUNCT
fsr-3267	353	10	ma	ma	PROPN
fsr-3267	353	11	:	:	PUNCT
fsr-3267	353	12	mcgraw	mcgraw	PROPN
fsr-3267	353	13	-	-	PUNCT
fsr-3267	353	14	hill	hill	PROPN
fsr-3267	353	15	/	/	SYM
fsr-3267	353	16	irwin	irwin	PROPN
fsr-3267	353	17	.	.	PUNCT
fsr-3267	354	1	samuelson	samuelson	PROPN
fsr-3267	354	2	,	,	PUNCT
fsr-3267	354	3	p.	p.	PROPN
fsr-3267	354	4	(	(	PUNCT
fsr-3267	354	5	1994	1994	NUM
fsr-3267	354	6	)	)	PUNCT
fsr-3267	354	7	.	.	PUNCT
fsr-3267	355	1	the	the	DET
fsr-3267	355	2	long	long	ADJ
fsr-3267	355	3	term	term	NOUN
fsr-3267	355	4	case	case	NOUN
fsr-3267	355	5	for	for	ADP
fsr-3267	355	6	equities	equity	NOUN
fsr-3267	355	7	.	.	PUNCT
fsr-3267	356	1	journal	journal	PROPN
fsr-3267	356	2	of	of	ADP
fsr-3267	356	3	portfolio	portfolio	PROPN
fsr-3267	356	4	management	management	NOUN
fsr-3267	356	5	,	,	PUNCT
fsr-3267	356	6	21	21	NUM
fsr-3267	356	7	,	,	PUNCT
fsr-3267	356	8	15–24	15–24	NUM
fsr-3267	356	9	.	.	PUNCT
fsr-3267	357	1	thangavelu	thangavelu	NOUN
fsr-3267	357	2	,	,	PUNCT
fsr-3267	357	3	p.	p.	NOUN
fsr-3267	357	4	(	(	PUNCT
fsr-3267	357	5	2015	2015	NUM
fsr-3267	357	6	)	)	PUNCT
fsr-3267	357	7	.	.	PUNCT
fsr-3267	358	1	how	how	SCONJ
fsr-3267	358	2	much	much	ADJ
fsr-3267	358	3	house	house	NOUN
fsr-3267	358	4	can	can	AUX
fsr-3267	358	5	you	you	PRON
fsr-3267	358	6	buy	buy	VERB
fsr-3267	358	7	?	?	PUNCT
fsr-3267	359	1	(	(	PUNCT
fsr-3267	359	2	available	available	ADJ
fsr-3267	359	3	at	at	ADP
fsr-3267	359	4	http://www.bankrate.com/finance/	http://www.bankrate.com/finance/	PUNCT
fsr-3267	359	5	mortgages	mortgage	NOUN
fsr-3267	359	6	/	/	SYM
fsr-3267	359	7	how	how	ADV
fsr-3267	359	8	-	-	PUNCT
fsr-3267	359	9	much	much	ADJ
fsr-3267	359	10	-	-	PUNCT
fsr-3267	359	11	house	house	NOUN
fsr-3267	359	12	-	-	PUNCT
fsr-3267	359	13	can	can	AUX
fsr-3267	359	14	-	-	PUNCT
fsr-3267	359	15	you	you	PRON
fsr-3267	359	16	-	-	PUNCT
fsr-3267	359	17	buy–1.aspx	buy–1.aspx	NOUN
fsr-3267	359	18	)	)	PUNCT
fsr-3267	359	19	.	.	PUNCT
fsr-3267	360	1	104	104	NUM
fsr-3267	360	2	j.	j.	PROPN
fsr-3267	360	3	musumeci	musumeci	PROPN
fsr-3267	360	4	/	/	SYM
fsr-3267	360	5	financial	financial	ADJ
fsr-3267	360	6	services	service	NOUN
fsr-3267	360	7	review	review	VERB
fsr-3267	360	8	25	25	NUM
fsr-3267	360	9	(	(	PUNCT
fsr-3267	360	10	2016	2016	NUM
fsr-3267	360	11	)	)	PUNCT
fsr-3267	360	12	87–104	87–104	PROPN