A cash flow for a pass-through typically is based on some prepayment benchmark. Describe the benchmark.
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A cash flow for a pass-through typically is based on some prepayment benchmark. Describe the benchmark.
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The benchmark used to project cash flows for a passthrough security is commonly known as the Public Securities Association PSA Prepayment Model Heres ...View the full answer
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Related Book For
Foundations Of Financial Markets And Institutions
ISBN: 9780136135319
4th Edition
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
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