medium · Asset-Backed Securities collateral
An auto ABS pool has an original balance of $500M and a current balance of $300M.
If prepayments in the current month are $3M, what is the prepayment speed expressed in the Absolute Prepayment Speed (ABS) convention?
- 0.36%
- 1.00%
- 1.20%
- 0.60%
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