Which one of the following is the prepayment rate for a mortgage pool which is dependent upon the age of the mortgages comprising the pool?

Question

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The prepayment rate for a mortgage pool which is dependent upon the age of the mortgages comprising the pool is referred to as the conditional prepayment rate. This rate takes into account factors such as interest rates, economic conditions, and loan characteristics, and adjusts for the likelihood of prepayment at different stages of the mortgage's life. The other options listed do not specifically reference age as a factor in determining prepayment rates.

Which One of the Following Is the Prepayment Rate for a Mortgage