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Assume that you borrow a 30-year mortgage loan of $300,000. The mortgage rate is 9%. Prepayments follow the 150PSA. What is the single-month mortality rate
Assume that you borrow a 30-year mortgage loan of $300,000. The mortgage rate is 9%. Prepayments follow the 150PSA. What is the single-month mortality rate (SMM) in the first month of the mortgage? Multiple choice answers: 0.000275| 0.005674| 0.0001386| 0.0002503
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