Overseas Bank Is Pooling 50 Similar and Fully Amortized Mortgages

question 91

Multiple Choice

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.
-What is the monthly payment on the mortgage pass-through?

• A)$37,500.
• B)$45,231.
• C)$45,309.
• D)$50,713.
• E)$55,256.

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