This Propensity to Prepay Means

Multiple Choice

This propensity to prepay means:

A) realised coupons/cash flows on pass-through securities would conform to expected cash flows
B) realised coupons/cash flows on pass-through securities can often deviate substantially from the stated or expected coupon flows
C) realised coupons/cash flows on pass-through securities are prepaid
D) None of the listed options are correct.