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If a pool of mortgage loans begins the month with a balance of 10,500,000,hasascheduledprincipalpaymentof10,500,000, has a scheduled principal payment of 10,500,000,hasascheduledprincipalpaymentof54,800, and ends the month with a balance of $9,800,000, what is the CPR for this month?
A
6.18%
B
42.24%
C
53.47%
D
66.67%
