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Imagine that you have $ 5 0 , 0 0 0 , 0 0 0 of notional principal from which floater and inverse floater securities

Imagine that you have $50,000,000 of notional principal from which floater and inverse floater securities will be created. The underlying mortgages have a WAC of 8%. If the payment rule to the floater class is SOFR+1.5% and $30MM is the principal balance allocated to the floater class:If SOFR is currently at 5%, what is the payment to the inverse floater class?

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