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An investor owns a mortgage-backed security backed by a pool with a remaining mortgage balance at the beginning of month 37 of $347 million. The
An investor owns a mortgage-backed security backed by a pool with a remaining mortgage balance at the beginning of month 37 of $347 million. The scheduled principal payment is $39 million. What is the estimated prepayment for the month assuming 196 PSA? Round your answer to 2 decimal places, and express it in millions. For example if you answer is 1.2345 million, then please write down 1.23 as the
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