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nominal exercise price

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Nominal exercise price
The exercise price of a GNMA option contract, which equals the unpaid principal balance multiplied by the adjusted exercise price.
nominal exercise price
The price at which an option on a Ginnie Mae certificate can be exercised. This price is calculated by multiplying the adjusted exercise price of the option by the unpaid principal balance on the Ginnie Mae certificate. See also Ginnie Mae pass through.
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