hard · Asset-Backed Securities
A consumer installment loan pool begins the month with a balance of $300,000,000. The scheduled principal for the period is $2,500,000.
If the trustee report shows total principal collections of $6,200,000, what is the implied Conditional Prepayment Rate (CPR) for the pool?
- 13.96%
- 11.10%
- 14.80%
- 12.33%
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