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Assume the single monthly mortality rate of a mortgage (and the MBS) is 0.009 in the first month. We also have the following data regarding

Assume the single monthly mortality rate of a mortgage (and the MBS) is 0.009 in the first month. We also have the following data regarding the MBS:

Original balance: $100,000,000

Pass-through rate: 9.0%

WAM: 360 months

WAC: 12%

What is the prepayment in the first month of the MBS?

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