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Assume that you borrow a 30-year mortgage loan of $300,000. The mortgage rate is 9%. Prepayments follow the 150PSA What is the single-month mortality rate

Assume that you borrow a 30-year mortgage loan of $300,000. The mortgage rate is 9%. Prepayments follow the 150PSA

What is the single-month mortality rate (SMM) in the first month of the mortgage?

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