Multiple Choice
Suppose that an investor owns a pass-through in which the remaining mortgage balance at the beginning of some month is $300 million. Assuming that the CPR is 5.00% and the scheduled principal payment is $4 million, what is the estimated prepayment for the month?
A) $1,242,789
B) $1,262,534
C) $1,273,128
D) $1,284,465
Correct Answer:
Verified
Correct Answer:
Verified
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