Question: Question 34 1 pts Given a hypothetical constant payment mortgage in the amount of $1,000, 5-year term 6.5% interest rate, and annual payment, the holder

Question 34 1 pts Given a hypothetical constant payment mortgage in

Question 34 1 pts Given a hypothetical constant payment mortgage in the amount of $1,000, 5-year term 6.5% interest rate, and annual payment, the holder of the mortgage wants to create a single pair of 10/PO strips from this mortgage. Assuming there is a no prepayment, what is the investment return on the P/O strip if its market price is $825.00? 6.10% 6.48% 6.23% 8.75% inte

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