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The prepayment speed on an Unseasoned mortgage is 300 PSA. What is the SMM for 10th payment after origination? Group of answer choices A. 0.5143%

The prepayment speed on an Unseasoned mortgage is 300 PSA. What is the SMM for 10th payment after origination?

Group of answer choices

A. 0.5143%

B. 1.0560%

C. 1.3528%

D. 1.6406%

Please show all work and explain how to derive the SMM and CPR

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