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Q1. Construct the amortization schedule and calculate the average life for below pass-through security, assuming a prepayment rate of 150 PSA: Original balance: $100,000,000 Pass-through

Q1. Construct the amortization schedule and calculate the average life for below pass-through security, assuming a prepayment rate of 150 PSA: Original balance: $100,000,000 Pass-through rate: 9.0% WAC: 9.5% WAM: 360 months (note: NOT 357 months)

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