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Given the below single month mortality rates for a mortgage security. What are the corresponding conditional prepayment rates? Age SMM CPR 5 .6 a 6
Given the below single month mortality rates for a mortgage security. What are the corresponding conditional prepayment rates?
Age | SMM | CPR |
5 | .6 | a |
6 | 1.0 | b |
7 | 2.0 | c |
8 | 5.0 | d |
Solve a-d and show work thanks!
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