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Suppose that an investor owns a mortgage-backed security backed by a pool with a remaining mortgage balance at the beginning of month 34 of $347
Suppose that an investor owns a mortgage-backed security backed by a pool with a remaining mortgage balance at the beginning of month 34 of $347 million. The scheduled principal payment is $6 million. What is the estimated prepayment (in $ million) for the month assuming 132 PSA? Round your answer to 3 decimal places. For example, if your answer is 25.6857, please write down 25.686.
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