Question: Construct the amortization schedule and calculate the average life for below pass-through security, assuming a prepayment rate of 150 PSA: Original balance: $100,000,000 Pass-through rate:

Construct the amortization schedule and calculate the average life for below pass-through security, assuming a prepayment rate of 150 PSA:
Original balance: $100,000,000
Pass-through rate: 9.0%
WAC: 9.5%
WAM: 360 months (note: NOT 357 months)

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