medium · Asset-Backed Securities collateral
An analyst is modeling a $100 million auto loan pool with an original balance of $120 million. The current month is month 24.
If the market standard prepayment speed is 1.50% ABS, what is the equivalent Single Monthly Mortality (SMM) rate for this period?
- 1.50%
- 18.00%
- 1.25%
- 1.80%
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