Question: A debt security is a claim on a mortgage pool (e.g., a Ginnie Mae pass-through security)with a face value of $100,000. The mortgages pay 9

A debt security is a claim on a mortgage pool (e.g., a Ginnie Mae pass-through security)with a face value of $100,000. The mortgages pay 9 percent and have an expected life of 20 years. Currently, interest rates are 9 percent. If you purchase the security today with no commissions, what are the expected annual payments from the investment? Select one: a. $9,000 b. $5,450 c. $10,954 d. there are no interest payments expected on such a security

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