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A mortgage pool has a balance of $100,000,000. The Weighted Average Coupon is 8.50%. The Pass-Through Rate is 7.50%. The Weighted Average Maturity is 357

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A mortgage pool has a balance of $100,000,000. The Weighted Average Coupon is 8.50%. The Pass-Through Rate is 7.50%. The Weighted Average Maturity is 357 months. The prepayment speed is expected to be 300 PSA. What is the Conditional Prepayment Rate for the pool in month 1 after the securities are issued (remember the loans in the pool are already 3 months old)? Write your answer as a percentage, e.g., if your answer is 6.2%, then you will enter 6.2. Do not enter the percent sign

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