After 30 Months,what Is the 100 PSA Benchmark Conditional Prepayment

question 28

Multiple Choice

After 30 months,what is the 100 PSA benchmark conditional prepayment rate per year?

• A) 3 percent
• B) 5 percent
• C) 6 percent
• D) 8 percent
• E) 12 percent

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Definitions:

Efficacy

The ability to produce a desired or intended result, often used in the context of the effectiveness of drugs, treatments, or methodologies.

Cognitive Dissonance

A mental struggle caused by holding conflicting beliefs and attitudes at the same time.

Leon Festinger

A social psychologist known for developing the theory of cognitive dissonance.

Theory

An organized collection of thoughts aimed at clarifying something, established on broad principles that are not derived from the phenomenon being clarified.