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Suppose that immediately after the bonds in the securitization deal were issued, $290 mm of principal was received on the mortgages. What would be the

Suppose that immediately after the bonds in the securitization deal were issued, $290 mm of principal was received on the mortgages. What would be the balance of the bonds? Show balances for each class of bonds issued in the transaction. What is the effect of prepayments on credit risk?

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