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Suppose that an investor owns a pass-through in which the remaining mortgage balance at the beginning of some month is $210 million. Assuming that the
Suppose that an investor owns a pass-through in which the remaining mortgage balance at the beginning of some month is $210 million. Assuming that the SMM is 0.50% and the scheduled principal payment is $10 million, the estimated prepayment for the month is:
A: $2 million
B: $1.05 million
C: $1 million
D: $2.10 million
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