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For a 3 0 - year mortgage - backed security with a $ 1 , 0 0 0 , 0 0 0 current face amount,

For a 30-year mortgage-backed security with a $1,000,000 current face amount, a 7.50% gross coupon, and a 360 month remaining term to maturity, what would be the projected principal prepayment amount in the first monthly period assuming a prepayment speed of 25% CPR?

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