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Question 4 of 4 2.25 Points A pool of mortgages contains 3%, 15-year loans with the total beginning balance of $100 million. The pool backs

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Question 4 of 4 2.25 Points A pool of mortgages contains 3%, 15-year loans with the total beginning balance of $100 million. The pool backs 115 principal-only (PO) shares and 116 interest-only (10) shares. Monthly expenses and fees amount to 0.04% of the beginning-of-the-month balance (they are subtracted from the interest portion). In the first month, the total payments from the pool were $703.1 thousand. What was the cash flow per PO share (to the nearest dollar)? Assume no defaults

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