hard · Asset-Backed Securities tranching
A healthcare receivables facility is revolving. Pool = $200,000,000. Senior Notes =150,000,000. Junior Notes = $20,000,000. Reserve =4,000,000. Monthly Portfolio Yield = 15% (annualized), Charge-offs = 3%, Servicing = 2%, WABC = 6%.
What is the total CE for the Senior Notes in Month 1?
- 25.33%
- 27.33%
- 17.33%
- 27.00%
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