Construct the amortization schedule and calculate the average life for below pass-through security, assuming a prepayment rate
Fantastic news! We've Found the answer you've been seeking!
Question:
Construct the amortization schedule and calculate the average life for below pass-through security, assuming a prepayment rate of 150 PSA:
Original balance: $100,000,000
Pass-through rate: 9.0%
WAC: 9.5%
WAM: 360 months (note: NOT 357 months)
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
Posted Date: