Multiple Choice
Suppose that an investor owns a pass-through in which the remaining mortgage balance at the beginning of a month is $200 million. Assuming that the CPR is 4.00% and the scheduled principal payment is $2.5 million, what is the estimated prepayment for this month?
A) $670,681
B) $670,701
C) $670,721
D) $670,741
Correct Answer:
Verified
Correct Answer:
Verified
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