[Solved] Consider a 100mm FN pass-through with a 6

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Consider a 100mm FN pass-through with a 6% coupon. If it continued to prepay for 12 months at the same rate as this month, it

Consider a 100mm FN pass-through with a 6% coupon. If it continued to prepay for 12 months at the same rate as this month, it would receive 10mm in prepayments over the course of the 12-month period. What was the SMM this month?

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