最后，文章对PSA和静态现金流定价模型进行改进，结合建元2007-1的发行资料说明中国MBS如何定价。

Finally, the article makes the improvement to PSA and the static cash flow pricing model, and try to pricing the China's Constrution back 2007-1 MBS.

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最后采用现金流贴现模型进行了不良资产支持证券的定价。

In the end, the Discounted Cash Flow model (DCF) is used to measure the value of the NPA-backed securities.

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