Question: Suppose that the conditional prepayment rate (CPR) at the beginning of a month is 10% for a mortgage pool with a remaining balance of $110

Suppose that the conditional prepayment rate (CPR) at the beginning of a month is 10% for a mortgage pool with a remaining balance of $110 million. If the schedule principal payment for the month i $910,000, the estimated prepayment amount is closest to?

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