题目
In the context of mortgage-backed securities, a conditional prepayment rate (CPR) of 8% means that approximately 8% of the outstanding mortgage pool balance at the beginning of the year is expected to be prepaid:
选项
A.in the current month.
B.by the end of the year.
C.over the life of the mortgages.
答案
B
解析
： B is correct. CPR is an annualized rate, which indicates the percentage of the outstanding mortgage pool balance at the beginning of the year that is expected to be prepaid by the end of the year. ： B是正确的。CPR是一个年化利率，它表示年初未偿抵押贷款池余额的百分比，预计在年底前预付。