Question
Assume an investor has invested in a mortgage pool with $100,000 principal balance outstanding. The scheduled monthly principal payment is $28.61 If the single month
Assume an investor has invested in a mortgage pool with $100,000 principal balance outstanding. The scheduled monthly principal payment is $28.61
If the single month mortality rate is .5143%, what is the estimated prepayment for the month?
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Fundamentals Of Corporate Finance
Authors: Berk, Peter DeMarzo, Jarrad Harford
3rd Global Edition
1292018402, 9781292018409
