Question
An MBS has the following characteristics for the current month: Beginning principal outstanding (Millions) 728 WAC (% APR) 5.63 Pass through rate (% APR) 5.04
An MBS has the following characteristics for the current month:
| Beginning principal outstanding (Millions) | 728 |
| WAC (% APR) | 5.63 |
| Pass through rate (% APR) | 5.04 |
| SMM (single monthly mortality) (%) | 0.189 |
| Expected total mortgage payment (Millions) | 5.2 |
What is the scheduled principal repayment this month?
Enter answer in millions.
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Machine Learning In Finance From Theory To Practice
Authors: Matthew F Dixon, Igor Halperin, Paul Bilokon
1st Edition
3030410676, 978-3030410674
