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The prepayment speed on an Unseasoned mortgage is 300 PSA. What is the SMM for...

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Question

Accounting

The prepayment speed on an Unseasoned mortgage is 300 PSA. What is the SMM for 10th payment after origination?

Group of answer choices

A. 0.5143%

B. 1.0560%

C. 1.3528%

D. 1.6406%

Please show all work and explain how to derive the SMM and CPR

Answer & Explanation Solved by verified expert
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