Question
Suppose that an investor owns a pass through in which the remaining mortgage balance at the beginning of some month is $99 million. Assuming that
Suppose that an investor owns a pass through in which the remaining mortgage balance at the beginning of some month is $99 million. Assuming that the SMM is 0.69244% and the scheduled principal payment is $1 million, what is the estimated prepayment for the month?
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
