medium · Asset-Backed Securities collateral
An investor purchases a prime auto ABS tranche with an original balance of $500,000,000 at a current pool balance of $300,000,000.
If the monthly prepayment is reported as $3,000,000 and the scheduled principal for the month is $10,000,000, what is the Absolute Prepayment Speed (ABS%) for the period?
- 1.03%
- 0.60%
- 1.00%
- 0.62%
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