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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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