16 BOA originates 10 Fully Amortizing Fixed Rate non-recourse Mortgages, each has a $100 balance, 20% interest rate (no fees), 2-year term, and annual payments. BOA immediately issues IO and PO strips backed by the pool of these mortgages and sells them to investors who discount payoffs at 10%. What profits does BOA make immediately? 136 864 540 654.55 89 QUESTION 17 Using the information in the previous question, what is the value of all PO strips? 136 540 654.55 89 864