The level scheduling strategy allows lower inventories than the pure chase strategy

In the context of mortgage-backed securities, a conditional prepayment rate (CPR) of 8% means that approximately 8% of an outstanding mortgage pool balance at the beginning of the year will be prepaid:

A. in the current month. B. by the end of the year. C. Over the life of the mortgages.

Which of the following describes the projective technique in which respondents are provided with part of a story and required to give the conclusion in their own words?

A) word association B) sentence completion C) story completion D) role playing E) evaluation technique