Prepayment and the Valuation of Mortgage-Backed Securities

• 1 June 1989
• journal article
• Published by JSTOR in The Journal of Finance
• Vol. 44  (2) , 375-392
• https://doi.org/10.2307/2328595

Abstract

Keywords

• MORTGAGE
• BACKED SECURITIES
• CONDITIONAL PROBABILITY
• VALUATION FRAMEWORK
• PREPAYMENT FUNCTION
• PAPER PUTS