Question: Assume that you are considering purchasing a pass-through security, with the following characteristics. PSA 354 Principal Balance 25,000,000 WAC 5.400% Pass-Through 5.150% Coupon Regular

Assume that you are considering purchasing a pass-through security, with the following

Assume that you are considering purchasing a pass-through security, with the following characteristics. PSA 354 Principal Balance 25,000,000 WAC 5.400% Pass-Through 5.150% Coupon Regular Payment 141,998.88 Original term 360 # of months 350 remaining The price of the bond is $24,500,000. In your first month of ownership, what is the prepayment? Round your answer to the nearest dollar and DO NOT ROUND YOUR INTERMEDIATE CALCULATIONS.

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