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Answer: D please provide working. Thanks! Overseas bank is pooling 50 similar and fully...

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Answer: D

please provide working. Thanks!

Overseas bank is pooling 50 similar and fully amortized mortgages into a pass-through security. The face value of each mortgage is 100,000 paying 180 monthly interest and principal payments at a fixed rate of 9 percent per annum. a. 26-111 What is the market (present) value of the mortgage pass-through to the investor if the interest rates on this risk category of securities decrease to 7 percent? (Note that investors receive payments net of the 50 basis points servicing fees.) $4,892,200. b. $5,000,000. $5,152,189. d. $5,477,910. $5,675,005. c. e

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