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Regarding Betting on Failure: Profiting from Defaults on Subprime Mortgages (Kellogg) Show the changes to the table in Exhibit 5, when the principal received is

Regarding "Betting on Failure: Profiting from Defaults on Subprime Mortgages" (Kellogg)

Show the changes to the table in Exhibit 5, when

the principal received is $10/month instead of $5/month (the principal reductions remain the same)

the writedowns associated with earlier defaults are $20/month beginning in six months (the principal received remains $5/month)

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