medium · Asset-Backed Securities
An auto ABS deal has a cleanup call exercisable when the pool factor reaches 10%.
If the original balance was $1,250,000,000 and the current balance is $145,000,000, how much further must the pool amortize before the call can be exercised?
- $0
- $125,000,000
- $14,500,000
- $20,000,000
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