Question: I need this completed with work shown please 5) 12. Suppose that for a securitization with a shifting interest mechanism you are given the following
I need this completed with work shown please
5) 12. Suppose that for a securitization with a shifting interest mechanism you are given the following information for some month: subordinate interest-20% shifting interest percentage-85% regularly scheduled principal payment - S2,000,000 prepayments-S1,000,000 a. What is the senior prepayment percentage for the month? b. How much of the $2,000,000 regularly scheduled principal payment is distributed to the senior class? c. How much of the $1,000,000 is distributed to the senior class? 5) 12. Suppose that for a securitization with a shifting interest mechanism you are given the following information for some month: subordinate interest-20% shifting interest percentage-85% regularly scheduled principal payment - S2,000,000 prepayments-S1,000,000 a. What is the senior prepayment percentage for the month? b. How much of the $2,000,000 regularly scheduled principal payment is distributed to the senior class? c. How much of the $1,000,000 is distributed to the senior class
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