Question: Given the below single month mortality rates for a mortgage security. What are the corresponding conditional prepayment rates? Age SMM CPR 5 .6 a 6

Given the below single month mortality rates for a mortgage security. What are the corresponding conditional prepayment rates?

Age SMM CPR
5 .6 a
6 1.0 b
7 2.0 c
8 5.0 d

Solve a-d and show work thanks!

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