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Adjusted exercise price Adjusted exercise price is a term which is used in options on Ginnie Mae (Government National Mortgage Association) contracts. The final exercise price of the option accounts for the coupon rates carried on Ginnie Mae mortgages.
For example, if the standard GNMA mortgage has an 9% yield,
Exercise price (strike price) Exercise price (strike price) means a price (exchange rate) at which the owner of a currency call option is allowed to buy a specified currency; or ...
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