THE NEXT TWO (2) QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION: A lender has recently approved a $300,000 participation loan at a rate of 7% per annum, compounded quarterly. This loan will have a 15 -year amortization and quarterly payments, rounded up to the next. higher dollar. In addition to the regular quarterly payment, the lender will receive 10% of the quarterly NOI. Assume that the NOI is distributed evenly throughout the year. 19. If the current annual NOI is $100,000 and is expected to remain at this level for the duration of a 3 year term, calculate the lender's yield, expressed as an annual rate with quarterly compounding. (1) 21.026675% (2) 15.232211% (3) 10.518154% (4) 11.515161% 20. Assume that the current annual NOI will remain at $100,000 per annum for 3 years, then will increase to $115,000 and remain at that level for the next three years. What will happen to the lender's yield? (1) The lender's yield will increase (2) The lender's yield will decrease. (3) The lender's yield will be unchanged. (4) It is impossible to determine what will happen to the lender's yield